Student debt affecting millennials much more than baby boomers, survey says

July 24, 2015

A recent survey by has found that student debt has had a greater impact on nearly every aspect of millennials’ lives compared to baby boomers. One of the most profound impact areas was the choice of job following graduation, with 21.5% of millennials saying debt strongly influenced their choice of job out of school compared to only 5% of baby boomers. 29.5% of millennials said that student debt affected where they lived compared to 4% of baby boomers. While 12% of baby boomers said that college debt influenced their decisions to make major purchases, such as a car or house, the number jumped to 41.5% among millennials. Campus Technology