Gen Z Has Worse Student Debt Than Millennials.

FEDERAL Reserve Bank of St. Louis; DEBT; STUDENT loan debt; STUDENT loans; MILLENNIALS; DEBT cancellation; GENERATION Z

President Joe Biden on Wednesday announced a plan to provide student loan forgiveness to federal student loan borrowers of up to $10,000 for those making under $125,000, and up to $20,000 for recipients of Pell grants. Keywords: %USD; ALLTOP; BON; BUSINESS; CONS; COS; EXE; FRX; GEN; GLOBALMACR; GOV; INDUSTRIES; MARKETS; NORTHAM; TOP; US; WORLD; WWTOP; WWTOPAM EN %USD ALLTOP BON BUSINESS CONS COS EXE FRX GEN GLOBALMACR GOV INDUSTRIES MARKETS NORTHAM TOP US WORLD WWTOP WWTOPAM RH6R21T0AFB4 (Bloomberg) -- Younger Americans face a bigger student loan burden than the previous generation, according to the Federal Reserve Bank of St. Louis, highlighting that school debt will be a major economic issue for decades to come. [Extracted from the article]

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