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Below is 30+ statistics on millennials and money, grouped by topics such as career, healthcare, debt, and more. Work & Personal Finances Millennials spend an average of 4 hours a week at work on personal finances, with 29% spending over 5 hours a week on average. Nearly 4 out of 10 say that issues with personal finances have been a distraction at work

Millennial money: student loan default can gut your paycheck By KELSEY SHEEHY February 5, 2019 FILE- In this June 15, 2018, file photo, twenty dollar bills are counted in North Andover, Mass. Default on your federal student loans and the government can take up to 15 percent of each paycheck to satisfy your debt.

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Well, student loan debt is an issue in 2018 and many analysts say the nation’s record high $1.34 trillion in student loan debt is also casting a nasty shadow over the economy, delaying first time home purchases, slowing down consumer spending and inhibiting business formation.

 · Student loan disbursement after consolidation or refinancing. Current college students aren’t the only ones who have to wait around for their student loans to be disbursed. If you apply for student loan consolidation or refinancing after you graduate, you’ll also need to track the payout of funds from your new loan.

Millennial money: student loan or first home? The lingering debt can make the difference between getting your own place and staying in the rental sector. Annabelle Williams.

This lack of affordability has especially impacted America’s first-time buyers, many who tend to fit in the Millennial category. are grappling with student loan debt are now more likely to consider.

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Accelerate repayment of high interest student loans first. You always want to tackle high-interest loans of any kind first. Find student guides online: You can see utilize guides like this, Student Loan Payoff Guide, that shows how others were able to successfully pay off student loans faster.

What’s the perfect gift for a millennial. Student Loan Report, 69.3% of borrowers would rather receive a student loan payment instead of a gift this holiday season. The survey questioned 1,000.

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