Are Millennials with Student Loans Upwardly Mobile?

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Home Newsroom and Events Publications Economic Commentary ec 201512 are millennials with student debt upwardly mobile Student debt has ballooned to unprecedented levels in recent years. The growth has affected not only the total amount of debt outstanding, but also the proportion of students taking out loans and the average amount of debt taken on by individuals. From 2007 to 2015, outstanding debt rose 116 percent and now amounts to $1,190 billion. The share of people between the ages of 26 and 32 who have student loan balances increased from 23 percent to 37 percent, and their median balance […]