Middle-aged Millennials
Survey
Apr. 2021
Sample Size:
1,000
Demographics:
US adults
Topics:
Student Loans
Top Findings:
- Nearly a third of older millennials have completely paid off their student loans.
- Roughly a quarter of older millennials say student loans affected their ability to buy a home, as well as save for emergencies and retirement.
- Nearly 1 in 5 say they weren’t able to take risks with their careers while about 17% said they had to live with family or friends because they couldn’t afford their own rent and student loan payments.
- Of older millennials who are still paying down their student loans, the median monthly payment is $200. But many are paying much more.
- Among older millennials who attended at least some college, nearly 4 in 5 took on some type of debt to finance their higher education, borrowing an average of $21,880.
- More than half (52%) of older millennials with student debt say their loans weren’t worth it.