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Economy library item detail
| Title | What Can Policymakers Do to Help Young Adults Cope with Debt? Subtitle Credit Health among Adults Ages 18 to 24 |
| URL | Open link Open in new window |
| Publisher | The Urban Institute |
| Date | December 2022 |
| Pages | 5 pp. |
| Description | Nearly 20 percent of young adults (ages 18 to 24) in the US with a credit record have debt in collections, suggesting they struggle to meet their current financial obligations. Many are students or early-career employees with limited financial resources to meet their needs and buffer against economic shocks. Additionally, they may face high interest rates and other barriers when accessing credit. Findings from this report suggest that targeted policies can help improve the financial resilience of young adults and potentially reduce disparities in debt burdens. |
| Filed in | Economy > Economic opportunity |
| Topics | Economy |
| Added | 08/19/2008 07:32am |
| Updated | 03/28/2023 08:52am |
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