Reducing Personal Debt – How Do Millennials Feel About It?
Without a doubt, reducing personal debt has become one of the greatest concerns of the millennial generation. Almost half of the age group surveyed, that were between the ages 22 and 33, stated that they were feeling overwhelmed because of their debt load.
As a matter of fact, when compared to the age group of 49 to 59, twice as many millennials complained of this. However, to their credit, almost half of the younger generation was allocating close to half of their take home wages to reducing personal debt.