Millennials would rather pay off their student debt than spend money getting hitched.
- High levels of Millennial student loan debt is slowing down marriage.
- Half of millennials are still single at 34, while nearly 70% of boomers were married by their mid-30s.
- New report explains the connection between debt and marriage.
Does money, even when borrowed, make us happier – or does the state of owing money add to our dissatisfaction and stress?
Humans have long debated the adage ‘Money can’t buy you happiness.’ Popular opinion suggests that, indeed, it cannot, but more recently researchers have challenged this notion. Based on extensive studies, investigators found that money, or income, can contribute to your happiness. In our capitalist society, income leads to increases in happiness to the extent that funds are required to attain the things that lead to happiness. By meeting needs for shelter or food, allowing the purchase of a home or groceries, or opening the window to experiences such as adventure or travel, money can increase our sense of satisfaction with life.
National Collegiate Student Loan Trusts stands to lose billions of dollars of student-loan debt if it can't prove ownership.
Some companies have set up a progressive program to help their employees pay off their student loans, offering up to $10,000 in assistance over the course of employment.
Some companies have setup a program to help their employees pay off their student loans. Only a few are participating at this time, but the ones who are, are offering up to $10,000 in assistance over the course of employment.