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Student debt accumulated by older Millennials has delayed buying homes and starting families for many. 

Apr 08 2021

Student debt accumulated by older Millennials has delayed buying homes and starting families for many. We’ve been saying for a long time that student debt is a major culprit in delaying Millennials’ major life milestones, and according to a Harris Poll, 68% of 33-40-year-olds are still working to pay off their student loans. About 11% report having paid off nearly all of their loans while nearly 40% have over half of their total balance still left. However, while nearly a third of them have reported completely paying off their student loans, they still feel “the ripple effects of debt burden.” YPulse found that paying off debt and loans is still one of the top financial goals for Millennials this year. (CNBC)

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