19- to 29-year-olds are facing $1 trillion in debt

The New York Federal Reserve Consumer Credit Panel reports that debt among 19- to 29-year-old Americans topped $1 trillion at the end of 2018, the highest debt exposure for young adults since late 2007.

Student loans make up the majority of the debt, followed by mortgage debt. Spending among those under age 35, however, has slowed compared to other generations.

READ MORE:  https://www.floridarealtors.org/NewsAndEvents/article.cfm?p=2&id=377799

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