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But how do those numbers break down across different generations, from Gen Z to baby boomers?
ALendingTree studyexamined where each generations debt stacks up.
Also see five myths about debt that nobody should believe in 2024.
How Does Gen Z Student Loan Debt Compare?
Gen Xers have the highest median balance overall at $31,066.
Almost half of all Gen Zers in Boston have outstanding balances on their student loans.
Hartford, Connecticut
Hartford is home to many Gen Zers with student loan debt.
Roughly 4 in 10 Gen Zers there owe a median student loan balance of $18,481.
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