“It’s Not Just Millennials — Gen Z Is Dealing With A Lot Of Debt Now Too”
September 18, 2019
“Millennials carry an average of $27,900 in debt, not including mortgages, according to new data released today by Northwestern Mutual. Gen Z, the oldest of whom are now 22 years old, have an average debt of $14,700.
Having sizable debt at a young age “is the new normal,” said Chantel Bonneau, wealth management advisor at Northwestern Mutual. “There are lots of people who exit school, and before they start their first job, have debt. That is a different situation from 30 years ago.”…”
https://www.buzzfeednews.com/article/venessawong/millennials-average-debt-2019
Don’t waste all that money on college. Save it and invest instead. These people would be much better off if they did this.