“Millennial consumers want the same things as the older generation, except they have to make short-term financial decisions to have a chance of having that kind of life. And it will take them longer. Not only are they getting paid less, but the big elephant in the room is they have $1.53 trillion in student-loan debt.”
Student loan debt in the U.S. now totals more than $1.5 trillion, but students in some states are getting hit harder than others.
“None are more hopelessly enslaved than those who falsely believe they are free.” Johann Wolfgang von Goethe