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Millennials With Student Debt Are Getting Crushed The Most In These Ten Cities

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(Zero Hedge) SmartAsset, a personal finance technology company, has published a new study that identifies certain US metropolitan areas with the highest student loan balances.

Related Billionaire Who Promised To Pay Off College Students’ Debt Is Tackling Their Parents’ Debt, Too

Source – Zero Hedge

by Staff Writer, November 1st, 2019

These cities are where millennials are struggling to make ends meet and can’t cover expenses. These hopeless folks have insurmountable debts, gig-economy jobs, record-high credit card rates, and no savings. Ahead of the next recession, this study provides important clues to the geographic regions where millennials will suffer the most financial distress.

The release of the study comes at a time when student loan debt has reached $1.6 trillion, has already become an important topic with presidential candidates ahead of the 2020 election, and when the next recession strikes, will financially paralyze a generation of millennials.

SmartAsset analyzed the top 25 metro areas most impacted by the student debt crisis and narrowed the list to ten.

Buy Book BYE Student Loan Debt: Learn How to Empower Yourself by Eliminating Your Student Loans

Researchers used data from Experian, the Census, and the IRS to develop the list of where average student loan debt exceeds the median earnings of millennials.

According to the study, the top six metro areas hit hardest by the student debt crisis: Gainesville, Florida; Corvallis, Oregon; Durham-Chapel Hill, North Carolina; Morgantown, West Virginia; Eugene, Oregon and Greenville, North Carolina. The remainder are Ithaca, New York, Santa Fe, New Mexico; Hattiesburg, Mississippi; and Colombia, Missouri.

Student debt is the fastest-growing consumer debt in the country, with $1.6 trillion outstanding, cracks are already starting to appear with 22% of borrowers defaulting.

Millennials will be the most impacted generation in the next recession, and thanks to SmartAsset, the exact metro areas of this financial stress are now known.

Buy Book The Student Loan Scam: The Most Oppressive Debt in U.S. History and How We Can Fight Back

found on Activist Post

Stillness in the Storm Editor: Why did we post this?

The economy is a general term describing various exchanges of money, goods, and services between individuals, groups, and nations. The Deep State employ elaborate methods to manipulate the economy for the purpose of controlling human life, specifically by making it difficult to access goods and services that improve quality of life. The preceding information reveals news or research related to the economy at some level. This information is important to understand because it is one facet of the global control system. Truly free people have the ability to exchange their creative works (goods and services), which allows them to gain increased abundance over time due to innovation, technological advancement, and frugality. Thus, but understanding the economy and how money works, which is something most people do not understand, social systems of freedom can be developed. An individual’s freedom is only as effective as the environment within which they express their rights. As such, the individual is encouraged to gain deep knowledge of the law, and the expression of rights, which in a grand sense, is the economy at all levels—the exchange of ideas, energy, and resources. Once a group of individuals learns how to unite to protect their rights and resources (e.g. a nation or country) they can defend themselves from Deep State manipulation if they can guard against divide and conquer tactics and forme a truly lawful body politic.

– Justin

Not sure how to make sense of this? Want to learn how to discern like a pro? Read this essential guide to discernment, analysis of claims, and understanding the truth in a world of deception: 4 Key Steps of Discernment – Advanced Truth-Seeking Tools.

Stillness in the Storm Editor’s note: Did you find a spelling error or grammar mistake? Send an email to [email protected], with the error and suggested correction, along with the headline and url. Do you think this article needs an update? Or do you just have some feedback? Send us an email at [email protected]. Thank you for reading.

Source:

https://www.activistpost.com/2019/11/millennials-with-student-debt-are-getting-crushed-the-most-in-these-ten-cities.html

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