Millennials hold the most student debt, with an average balance of about $35,000 per person.
Most student-loan borrowers want Biden to deliver broad debt relief.
Take Helena, a 58-year-old borrower with $145,000 in student debt who previously had to sell items on eBay to afford her payments.
That amount varies by generation: the average Gen Z borrower holds $24,472 in student debt, the average millennial holds $42,637 in student debt, and the average Gen Xer holds $48,733 in student debt, according to TransUnion.
A Morning Consult and Politico poll in June 2022, right before Biden's first debt relief plan was announced, found that of 2,000 registered voters, 65% of respondents aged 18 to 34 supported $10,000 in debt relief, with 61% of respondents aged 35 to 44 feeling the same.
Persons:
Millennials, Biden, —, Helena, Joe Biden's, Theresa Teders, that's, it's, Xer, Zers, millennials, Gen Xers —, Biden's
Organizations:
Service, eBay, Education Department, Higher, American Association of University Women, Federal Student Aid, Politico