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Student loan debt often forces college graduates to live with their parents and delay marriage, financial independence, and other adult milestones.

20% of millennials are homeowners, and most millennials say their student debt has delayed home ownership by seven years on average. [121] Student loan borrowers delayed retirement saving (41%), car purchases (40%), home purchases (29%), and marriage (15%). [38] Less than 50% of women and 30% of men had passed the “transition to adulthood” milestones by age 30 (finishing school, moving out of their parents’ homes, being financially independent, marrying, and having children); in 1960, 77% of women and 65% of men had completed these milestones by age 30. [39]

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