Jan 17, · A new study out of Ohio State University found that young adults are racking up credit card debt at a more rapid rate than other age groups, and that they’re slower at paying it off. Feb 22, · The good news is that more millennials are now recognizing that credit card debt is a big problem, much more so than other generations, Rossman says. About two-thirds of Author: Megan Leonhardt.
Jul 09, · A Merrill Lynch study on financial independence among early adults found that 81 percent of households under age 35 carry some form of debt. The most common forms are credit cards and student loans, each affecting 45 percent of early adult households. Auto loans and mortgages followed, at 39 percent and 28 percent xvibrator.xyz: Sabrina Karl. As we found out from speaking with Professor Dunn previously, credit card debt is increasingly high among young adults, many of whom are projected never to pay it off and to eventually end up.
Apr 06, · Overloaded with credit card and student debt, But while young adults may face fewer health problems, they are more vulnerable to the financial costs of the downturn. Jul 05, · Among Millennials, Credit Card Debt Increases With Age As younger millennials still may be in the early stages of their credit journey, it's no surprise that credit card debt increased as these consumers aged.