Gen X Faces Unique Financial Challenges with High Student Loan Debt
Generation X borrowers between the ages of 50 and 61 hold an average student loan balance of $48,203—the highest among all age groups—and face increasing financial strain due to supporting aging parents and funding their children's education. With about 6.4 million federal borrowers in this group holding a combined $308.5 billion in debt, delinquency rates are rising.
Topics: delinquency rates financial strain Generation X student loan debt