Student Debt Crisis Affects Young Adults More Than Ever

Young adults today face much more student debt than their parents did. In 1989, only 15% of young households had student debt. By 2019, that number jumped to 41%. The amount of debt is also much higher - from $13,074 in 1989 to $47,608 in 2019, which is nearly four times more money. More young people are going to college now, which is good. But with debt levels rising and wages staying mostly the same, many young adults worry they won't do as well financially as their parents. This website explains how student debt affects the whole economy and encourages young people to get involved in civic activities to help solve this problem. The Up to Us organization wants students to learn about fiscal policy and take action through pledges, competitions, and leadership programs.

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MoneyHow National Debt Affects Your Money and FutureThe national debt is money the U.S. government owes to people and other countries. When this debt gets too big, it can hurt everyone's finances. It could make it harder and more expensive to get loans for homes or start businesses. By 2053, the government will spend more money just paying interest on debt than on schools, roads, and research combined. This means less money for important things that help communities grow. Young people will be especially affected - one study showed families could lose $16,000 in income by 2048. The debt also takes money away from healthcare, education, and other vital services. About one-third of the debt is owed to other countries. The Up to Us organization teaches young people about this issue and encourages them to talk to their representatives. They believe everyone should care about fiscal policy, whether you care about healthcare, education, clean energy, or defense. You can sign a pledge to show you care about America's financial future and get involved in your community.