May 6, 2018

Which generation has the highest student debt load?

Millenials? Gen-X? 
Guess again!
Boomers age 45 to 74 "now owe more money in education-related debt, on average, than do younger college graduates."
"People under age 35 with student debt owe $32,900 on average, according to data from the Fed’s 2016 Survey of Consumer Finances. That debt number is higher for every other 10-year age bracket up to age 75: It peaks at $37,000 for 45- to 54-year-olds, but even 65- to 74-year-old borrowers owe an average $35,400."
Much of the debt is due to helping children and grandchildren with higher education expenses. 

Kerri Anne Renzulli explains the details in Money magazine

This Generation Has a Huge and Growing Student Debt Burden. It's Not Who You Think

http://time.com/money/5256805/student-debt-boomers-millennials/

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