Consumer Debt Loads

How debt loads are changing for young and old consumers, By Jonnelle Marte, October 8, 2014, Washington Post: “The kind of debt consumers take on is changing. And the changes look very different by age, according to a TransUnion report released Wednesday that looks at the shifting make up of consumer debt loads over time. Not surprisingly, younger consumers are seeing student loans crowd out most other types of loans, says Charlie Wise, vice president in TransUnion’s Innovative Solutions Group. For instance, student loans accounted for 36.8 percent of the total debt load for consumers ages 20 to 29 in 2014, up from the 12.9 percent reported in 2005…”