Marriage, a house, and family will have to wait for many 20 and 30-somethings. Instead, paying off student loan debt is taking priority, USA Today reports.
Student loan debt is becoming a big thorn in the side of many Millennials. The average student loan debt has climbed to $27,500, according to data from the Project on Student Debt. In 1993, less than half of students graduated with debt. For those who did, their debt averaged $9,350 (or about $15,000 in today’s dollars).
All-cash offers can represent stiff competition for traditional buyers.
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