Although Millennials are most often cited for being slammed with crippling debt, actually, one in five adult Americans carry student loan debt, according to NBC News. This means your company’s newly graduated intern or your vice president could be one of those people.
Student loan debt doesn’t discriminate by age, race, sexual orientation, seniority, or intelligence. If you have it, you have the obligation to pay it back, which is a financial and mental burden on anyone, no matter his or her age or income. And the level of debt continues to rise. The average debt is up a staggering 302% in the past 14 years alone, according to a 2019 study.
