Generation Z and Millennials Student Loans

According to a report by the Federal Reserve Bank of St. Louis.Generation Z student debt compare to millennials, Gen Zers had, on average,

The median value of Gen Zers’ loans was $12,800, about 14% higher than millennials’ median value. However, a similar share of Gen Z (7.8%) and millennial (7.1%) borrowers had large student loan balances of over $50,000.

Student loan debt has forced many younger Americans to hold off on other major financial decisions, such as saving for emergencies, saving for retirement, paying off other debt and buying a house student loans financial decisions millennials. Some Gen Zers and millennials have also delayed having children or getting married due to student loan debt student loans financial decisions by millennials.

Student loan debt has also been a political issue, as the Supreme Court recently blocked President Biden’s student loan forgiveness plan.Generation Z supreme court student loan affirmative action decisions may mobilize young voters.Generation Z roiled by supreme court rulings on student loans abortion and restricted affirmative action in college admissions. Some Generation Z progressives hope to use these decisions to mobilize young voters in the 2024 election

tik4tat Research team