One in five millennials expect to die without paying off debt

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From CNBC:

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

Greg Gerber

Greg Gerber

A journalist who has covered the recreation vehicle industry since January 2000, Greg Gerber founded RV Daily Report on April Fool's Day in 2009. He also serves as the editor of the publication and website. As an Eagle Scout, he has enjoyed camping for decades and has visited every state except Hawaii. A DODO -- Dad of Daughters Only -- to three young women, he has two grandchildren as well. He currently splits his time between Wisconsin, Texas and Arizona. Greg can be reached at editor@rvdailyreport.com.

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  • Richard Charron says:

    I would say that Dave Ramsey has a busy future ahead of him. I can’t imagine carrying debt to the grave.

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