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Millennials are US$1 trillion in debt – but they're better at saving than previous generations

  • Written by Jimmie Lenz, Adjunct Professor of Finance, University of South Carolina
Millennials are US$1 trillion in debt – but they're better at saving than previous generationsMillennials carry more student loan debt than previous generations.Rawpixel.com/Shutterstock.com

New findings from the New York Federal Reserve reveal that millennials have now racked up over US$1 trillion of debt.

This troubling amount of debt, an increase of over 22 percent in just five years, is more than any other generation in history. This...

Read more: Millennials are US$1 trillion in debt – but they're better at saving than previous generations

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