
Millennial Household Student Debt
Today's young adults are more likely to have student debt than their historical peers.
https://www.pgpf.org/chart-archive/0223_millennial_student_debt
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Today's young adults are more likely to have student debt than their historical peers.
https://www.pgpf.org/chart-archive/0223_millennial_student_debt
Today's young adults face higher student debt burdens than their historical peers, even after adjusting for inflation.
https://www.pgpf.org/chart-archive/0226_millennial_student_debt_burden
The general consensus among economists is that the long-term effects of the TCJA will be higher debt and little change to underlying economic growth.
“This new CBO report shows just how much more dangerous the future looks if these tax cuts and spending increases are allowed to continue," said Michael A. Peterson, Chairman and CEO of the Peter G. Peterson Foundation.
Last year’s tax legislation was a key opportunity to simplify the tax code, but in addition to adding significantly to our national debt, the Tax Cuts and Jobs Act actually increased the number of tax breaks.