Student Debt-Laden College Grads Under 40 Have $8,700 Median Net Worth

[Geee]

Daily Caller:

College graduates who are under 40 years of age and who have accumulated student debt have a median net worth of just $8,700, according to a new study from the Pew Research Center.

 

That meager average net worth compares to a median net worth of $64,700 for college grads in the same age cohort who did not take out student loans, reports the Los Angeles Times.

 

How much is $8,700 these days? It’s not much. That amount of money will buy you a silver four-door 2003 Toyota Avalon XL with just fewer than 93,000 miles, for example.