It's not news that millennials are in debt.
42.3 million Americans owe a total of $1.33 trillion in federal student loans, according to the U.S. Department of Education. 20-somethings pay on average $351 a month, reports the Federal Reserve. The median monthly
payment for that age range is $203.
Now a survey from Credible, conducted through Pollfish, offers insight
into
just what millennials would be willing to do to be free of those loans.
The
most popular answer the 500 respondents between the ages of 18 and 34
chose
for what they would be desperate enough to sacrifice: suffrage.
Half of them said they would give up the ability to vote in the next two presidential elections.
What are millennials willing to deal with to have their student loan debt forgiven?
Perhaps this shouldn't come as such a surprise. According to Tufts University's Center for Information and Research on Civic Learning and Engagement, only 50 percent of 18- to-29-year-olds actually turned out to vote in the 2016 presidential election anyway.
Although college graduates are more likely to vote than those without
higher
education, half, it seems, would still prioritize their immediate
financial
well-being over their democratic influence.
They also seem to prioritize ride-sharing apps over the ability to vote.
The
survey found that 44 percent of the participants would be willing to stop using Uber and Lyft to have their loans forgiven.
Young people may have come to rely on those apps to such an extent that they've forgotten ride-sharing isn't cheap, especially as compared to
public
transportation. Not to mention that there are also taxis.
Of all the options presented to them, millennials were least likely to
give
up texting, even just for a year. So presumably they still value freedom
of
speech.
https://www.cnbc.com/2017/09/29/millennials-would-give-up-this-right-to-wipe-out-their-student-loans.html
It's not news that millennials are in debt.
42.3 million Americans owe a total of $1.33 trillion in federal student loans, according to the U.S. Department of Education. 20-somethings pay on average $351 a month, reports the Federal Reserve. The median monthly
payment for that age range is $203.
Now a survey from Credible, conducted through Pollfish, offers insight into just what millennials would be willing to do to be free of those loans. The most popular answer the 500 respondents between the ages of 18 and 34 chose for what they would be desperate enough to sacrifice: suffrage.
Half of them said they would give up the ability to vote in the next two presidential elections.
What are millennials willing to deal with to have their student loan debt forgiven?
Perhaps this shouldn't come as such a surprise. According to Tufts University's Center for Information and Research on Civic Learning and Engagement, only 50 percent of 18- to-29-year-olds actually turned out to vote in the 2016 presidential election anyway.
Although college graduates are more likely to vote than those without
higher
education, half, it seems, would still prioritize their immediate financial well-being over their democratic influence.
They also seem to prioritize ride-sharing apps over the ability to vote.
The
survey found that 44 percent of the participants would be willing to stop using Uber and Lyft to have their loans forgiven.
Young people may have come to rely on those apps to such an extent that they've forgotten ride-sharing isn't cheap, especially as compared to
public
transportation. Not to mention that there are also taxis.
Of all the options presented to them, millennials were least likely to give up texting, even just for a year. So presumably they still value freedom of speech.
https://www.cnbc.com/2017/09/29/millennials-would-give-up-this-right-to-wipe-out-their-student-loans.html
It's not news that millennials are in debt.
42.3 million Americans owe a total of $1.33 trillion in federal student >loans, according to the U.S. Department of Education. 20-somethings pay on >average $351 a month, reports the Federal Reserve. The median monthly
payment for that age range is $203.
Now a survey from Credible, conducted through Pollfish, offers insight into >just what millennials would be willing to do to be free of those loans. The >most popular answer the 500 respondents between the ages of 18 and 34 chose >for what they would be desperate enough to sacrifice: suffrage.
Half of them said they would give up the ability to vote in the next two >presidential elections.
What are millennials willing to deal with to have their student loan debt >forgiven?
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