More Than Half of Young Americans Have Already Hit Financial Rock Bottom. Here's How to Dig Out if You're 1 of Them
Many people today start off adulthood on a financially shaky foot. With so many degree-holders graduating college with a mountain of student loans, it's common for millennials and Gen Zers to kick off their careers with no savings and piles of debt.
The problem is so bad that 54% of Americans aged 15 to 36 say they've already hit financial rock bottom, reports the Principal Foundation, the nonprofit arm of Principal Financial Group. Specifically, 20% in that age group feel overwhelmed by debt (including that of the credit card, auto, and student loan variety), while others cite job loss as a reason for feeling financially hopeless.
If you're in a similar boat, you should know that there's plenty of opportunity to change your financial picture for the better. Here's how.
Source Fool.com
