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Some two-thirds of Gen Z borrowers have pushed off one more life milestones because of their student loan debt, a new report out Tuesday found.
The big picture: Student loan debt in the U.S. tops $1 trillion and is central to Americans' affordability pains, now coupled with the possibility of wage garnishment for those in default after a pandemic-era pause ended last year.
Threat level: That debt burden has led more than half of borrowers to delay life events, according to research from Gallup and the Lumina Foundation, which released two new reports Tuesday on perceptions of higher education.
