Axios
US · 42 mins ago
✦ 75◉ Centre
Student loan debt is delaying life milestones for young Americans
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Accuracy 75/100
Partisan intensity 35/100
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◉ Centre ✓ Fair headline
A new survey finds that approximately two-thirds of Gen Z student loan borrowers have delayed major life milestones due to their debt, as U.S. student loan debt exceeds $1 trillion and borrowers face potential wage garnishment following the end of pandemic-era payment pauses.
Student loan debt is delaying life milestones for young Americans
Data: Gallup Alumni Survey; Chart: Avery Lotz/Axios
Some two-thirds of Gen Z borrowers have pushed off one more life milestones because of their student loan debt, a new report out Tuesday found.
The big picture: Student loan debt in the U.S. tops $1 trillion and is central to Americans' affordability pains, now coupled with the possibility of wage garnishment for those in default after a pandemic-era pause ended last year.
Threat level: That debt burden has led more than half of borrowers to d
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