Wednesday, January 29, 2020

Tripling in Young Adult Households with Student Loans

The percentage of young adult households with student loan debt has tripled over the past few decades, according to a Federal Reserve Bank of St. Louis analysis. Among all households headed by 25-to-34-year-olds, 46 percent had student loans in 2016—three times the 1989 figure. Here is the trend by type of household...

Percent of married-couple householders aged 25 to 34 with student loan debt
2016: 46%
1989: 15%

Percent of cohabiting householders aged 25 to 34 with student loan debt
2016: 50%
1989: 10%

Percent of single-person householders aged 25 to 34 with student loan debt
2016: 45%
1989: 17%

Source: Federal Reserve Bank of St. Louis, As Fewer Young Adults Wed, Married Couples' Wealth Surpasses Others'

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