STU­DENT DEBT BUR­DEN

The Island Packet (Sunday) - - Business -

Stu­dent loans can have long-last­ing con­se­quences for mil­len­ni­als, ac­cord­ing to a study from Mag­ify Money. The net worth of mil­len­ni­als with stu­dent loans is 75 per­cent less than of those with­out. They also have half as much money in the bank and $19,000 less in re­tire­ment sav­ings than their peers who aren’t sad­dled with col­lege debt.

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