“Total debt among young adults actually dropped in the last decade to the lowest level in 15 years,” according to the Wall Street Journal, “And yet, Millennials appear to be running into more trouble when paying their bills — whether on credit cards, auto loans, or student loans.”
“What Experian’s data suggest is that the Millennials who are in fact borrowing are struggling to do so responsibly, at least partly because of the nation’s 7.3% jobless rate, sub-3% growth and $1 trillion student-loan tab.”
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