Over two-thirds of all millennials have at least one source of long-term debt and one-third has more
than one source of long term debt. As you can imagine this type of debt problems have long-term
effects. On top of financial impacts, debt also has emotional impacts, health impacts as well as daily life
impacts. Yellowbrick program has put together a comprehensive infographic that covers the long-term
effects of debt on millennials. Student loans are the biggest debt issue for millennials. A study found
that student loans can actually cause more debt.
On top of the negative financial aspects of debt, there are serious emotional impacts as well. People
who struggle to pay off debts are twice as likely to experience depression
than one source of long term debt. As you can imagine this type of debt problems have long-term
effects. On top of financial impacts, debt also has emotional impacts, health impacts as well as daily life
impacts. Yellowbrick program has put together a comprehensive infographic that covers the long-term
effects of debt on millennials. Student loans are the biggest debt issue for millennials. A study found
that student loans can actually cause more debt.
On top of the negative financial aspects of debt, there are serious emotional impacts as well. People
who struggle to pay off debts are twice as likely to experience depression