Student Debt Is Making All Your Life Choices Worse

Surprise: student debt is having a depressing effect on Americans’ life choices. According to a new report from the Boston-based nonprofit American Student Assistance, a quarter of college students said their student loans made it difficult to buy daily necessities, and nearly two-thirds said their debt prevented them from making large purchases, like buying a car.

In addition to this drag on lifestyle and consumer spending, student debt also played a significant role in larger financial and personal commitments. Three-fourths of respondents said they put off saving for retirement or buying a home because of their debt. Almost one-third delayed marriage and 43 percent waited to start a family.

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