Young Adults

People in the 18 to 24 age bracket spend nearly 30% of their monthly income just on debt repayment - double the percentage spent in 1992 (10% of net income is a recommended amount for debt obligation).
~Generation Broke: The Growth of Debt Among Young Americans

The average 21-year-old in the U.S. will spend more than 2.2 million in their lifetime.
~ShareSaveSpend.com

While teens believe when they get older that they will earn an average of $145,000, in reality, adults with a Bachelor's Degree only earned an average of $54,689 in 2005.
~The Denver Post, Citing: Charles Schwab Teens & Money, 2007

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