Young graduates face growing debt and shifted spending
Tamara Weber and Jessica Coleman illustrate rising under-30 debt from student loans and credit cards. They cut impulse buys, delay big purchases, and seek bargains as analysts warn of long-term effects on spending power and home buying. Industry observers note debt levels rise with limited job prospects and the need to budget for a stable financial future.
MENTIONED IN THIS ARTICLE
New York
Tamara Weber
Jessica Coleman
TJ Maxx
Ross
TGI
Coleman
Santa Monica
Calif
Weber
Tampa
Fla
Jennifer Black
Wells Fargo Securities LLC
Black
Ann Taylor Loft
Target
Express
Hennes & Mauritz and
Kohl’s
Banana Republic
BCBG
J. Crew
Robert Manning
Rochester Institute of Technology
Manning
General Accounting Office
Congress
Nellie Mae
C. Britt Beemer
Charleston
S.C
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Sige
Verizon Wireless
Verizon Wireless Communications
Marion
North Carbon
Frankfort
Harrisburg
Homestead
Ruth Jackson Jcs
Metropolis Celltouch
MT. Carmel
RAM Telecom
MT. Vernon
de Young
Nashville
Bening Communitier
Ireless
Verizon
U.S. Senate
Jim Durkin
Jim Edgar
Jim Thompson
St. Louis Post Dispatch
Chicago Tribune
Illinois
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Associated Firefighters of Illinois
Chicago Fraternal Order of Police
Illinois Federation For Right To Life
Illinois Farm Bureau
Durkin
Senate