Millennials are stereotyped in a lot of different ways — black-rimmed glasses, ear buds attached at all times, designer haircuts, watching cat videos and taking selfies – but there is one indisputable fact about this generation: Millennials have a lot of debt.
Much of that is courtesy of student loans, and you can’t blame them. In fact, the cards have been stacked against them since the minute they got their college acceptance letters. I’ll give you a fair comparison of a typical Millennial graduating college today versus the typical baby boomer, and the facts speak for themselves. But first, a bit of advice for Millennials looking for a clean slate by their mid-30’s.
A free credit counseling session is a great place to start. Typically, it takes about a half hour. During that time, a credit counselor will help you create a budget and review your debts. For some D-I-Y help, make use of these 10 tips.