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Student loans aren’t actually the biggest financial burden holding Millennials back.

Sep 20 2019

Student loans aren’t actually the biggest financial burden holding Millennials back.Instead, the Pew Research Center found that one-fourth of Millennials say their biggest source of debt is credit cards, 15% say their mortgage, and just 10% say student loans. A Northwestern Mutual study paints a bleak picture of Millennials’ financial knowledge when it comes to that credit card debt: roughly 22% don’t know what interest rate is being applied and 34% don’t know how much they’re spending each month out of their income on paying down their personal debt. (CNBCBusiness Insider)