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The average millennial (aged 18 to 34) had about $32,000 in personal debt, excluding home mortgages, last year, according to Northwestern Mutual’s 2018 Planning & Progress Study.
Just over 60 percent of millennials with debt don’t know when, or if, they’ll ever be able to pay off what they owe, according to a new CreditCards.com report.
That includes roughly 42 percent of millennials who don’t know when they’ll be able to wipe out their debt, and almost 20 percent of those who expect to die in debt.
The full story is available on CNBC.com