Which of the following impacts concerns you the most when you think about someone with debt from public 2- and 4- year colleges? (Adults citing the largest or 2nd largest) Their ability to complete an education
42% 42%
Their ability to save money Decisions to get married, start a family, buy a home The impact on the career choice available The impact on their credit score The impact on other family members Not sure
32%
26%
21%
17%
9%
0%
5%
10%
15%
20%
25%
30%
35%
40%
45%
Debt Impacts Almost Every Aspect of the Future
What Young People Make and What They Owe Percent change from 2005 in median annual earnings of people 25-34 years old holding just a bachelor’s degree and average student loan balance for people under 30 years old. Earnigns Student debt
40% 35% 30% 25% 20% 15% 10% 5% 0% -5%
2005
2006
2007
2008
2009
2010
2011
2012
Source: National Center for Education Statistics (earnings); NY Fed (student debt) | Wsj.com
What People Owe Is Growing Faster Than What People Earn
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