AARP Survey: Student Loan Debt is a Problem Across Generations

AARP Survey: Student Loan Debt is a Problem Across Generations

Student loan debt is a problem for people across three generations, finds an AARP survey.

The study found among those who have student debt, 45% of Millennials, 48% of Generation Xers, and 50% of Boomers owe $30,000 or more. Millennials had the highest average debt at $41,000. While Gen Xers came in at $39,000 and Boomers at $38,000.

The survey also found people are beginning to question whether college is worth the cost. 59 percent of respondents answered no to if they believe the benefits of a college education are worth the costs.

The survey questioned nearly 49 hundred adults - Millennials, Gen Xers and Boomers.

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