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Generation Broke Report

A non-profit public policy organization called Demos has released a report called Generation Broke: The Growth of Debt Among Young Americans, and you can read a press release about it as well.

The report details the pinch we're all feeling: "The economic security of younger Americans is eroding at an alarming pace as a result of slow wage growth, underemployment, rising costs and mounting student loan and credit card debt." It also notes specifically that rising student loan costs are partly to blame.