Average Debt Carried by Young Borrowers Reaches $32,587

Managing Debt

Average Debt Carried by Young Borrowers Reaches $32,587

Average Debt Carried by Young Borrowers Reaches $32,587

Since the end of the recession, consumers of all ages have made significant progress in trying to get out from under the debts they held for long periods of time, but none have been more successful in this regard than those between the ages of 18 and 29 years old. The average balances across all… Read More

Young People Slashing Debt More Quickly

Managing Debt

Young People Slashing Debt More Quickly

Young People Slashing Debt More Quickly

The recent economic downturn forced many consumers across the country to reassess the ways in which they handle aspects of their everyday finances, and that included making significant efforts to scale back credit card use and debt. One group that seems to have taken to that tack in particular is young people. Today, Americans under… Read More

Must read: Generation Debt

Managing Debt

Must read: Generation Debt

Must read: Generation Debt

Anya Kamenetz is the 25 year old author of Generation Debt, a new book that discusses the financial problems of young Americans. A former columnist for the Village Voice, Kamenetz critiques her generation for having too much debt and little control over their spending. I haven’t had a chance to read the book yet, but today’s Salon.com interview with Kamenetz really resonated with me (subscription or free day pass required):

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