A new survey indicates nearly 70% of Americans, including many millennials, would prefer loan repayments for their student debt than gifts this holiday season.
A new survey indicates nearly 70% of Americans would prefer loan repayments for their student debt than gifts this holiday season.
The findings highlight the student debt crisis, which has ballooned to $1.4 trillion.
Retailers could feel the heat if debtors starting making their true desires known.
For the millions of American families swapping gifts this year, chances are good the younger members want out of the tradition.
According to a new survey from the Student Loan Report, 69.3% of people with student loan debt would prefer to receive loan payments this holiday season instead of gifts.
True to the data on college debt, most of the respondents in the survey — 68% — fell between 18 and 35 years old. The remainder were split between those in their late 30s and 40s.
The findings highlight the rapidly growing crisis of student debt.
Tech: Millions of millennials don’t want gifts this holiday season — the reality is much sadder
