By MyBankTracker  Updated on Thu Jan 17, 2013

Younger Generation to Borrow and Accumulate More Debt

More news on how screwed Gen Y are: a study by Ohio State University reveals that younger people are borrowing more and accumulating more debt than their parents and grandparents did. Not only that, but they’re also paying off the debt more slowly.

The scariest part of this study shows that young people may add to their debt well into the later stages of their lives, and may even die with debt unpaid.

Read more about the study here.

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