Student debt has become an increasingly important part of the financial security conversation, especially as its effects can extend well beyond early adulthood. This Fast Fact takes a closer look at how student debt compares across Baby Boom, Generation X, and Millennial families when each was at similar life stages, offering perspective on debt levels, household finances, and broader financial pressures. Drawing on Federal Reserve Survey of Consumer Finances data, the analysis adds important context for those following long-term savings challenges, generational financial trends, and the intersection of debt and retirement preparedness.

Student Debt in the Baby Boom, Generation X, and Millennial Generations

Student Debt in the Baby Boom, Generation X, and Millennial Generations

Volume 557

Pages 7

EBRI Fast Facts

June 11, 2026

Retirement