LATINO VOICES

Hispanic Millennials Carry Far Less Debt Than Their Non-Hispanic Peers

09/19/2013 10:14 am ET | Updated Nov 19, 2013
AP

Hispanic millennials carry nearly $10,000 less debt than other ethnic groups, according to a survey by the PNC Financial Services Group, Inc.

The average non-Hispanic millennial – 20 to 29 years old and trying to establish a career in the direct aftermath of the global recession – is $27,800 in debt, according to the survey. Comparably, the average Hispanic millennial is $18,000 in debt.

Millennials are more affected by student loan debt than any other age group.

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