These cities are where millennials are struggling to make ends meet and can’t cover expenses. These hopeless folks have insurmountable debts, gig-economy jobs, record-high credit card rates, and no savings. Ahead of the next recession, this study provides important clues to the geographic regions where millennials will suffer the most financial distress.<\/p>\n
The release of the study comes at a time when student loan debt has reached\u00a0$1.6 trillion<\/a>, has already become an important topic with presidential candidates ahead of the 2020 election, and when the next recession strikes, will financially paralyze a generation of millennials.<\/p>\n SmartAsset analyzed the top 25 metro areas most impacted by the student debt crisis and narrowed the list to ten.<\/p>\n Researchers used data from Experian, the Census, and the IRS to develop the list of where average\u00a0student loan debt exceeds<\/a>\u00a0the median earnings of millennials.<\/p>\n According to the study, the top six metro areas hit hardest by the student debt crisis: Gainesville, Florida; Corvallis, Oregon; Durham-Chapel Hill, North Carolina; Morgantown, West Virginia; Eugene, Oregon and Greenville, North Carolina. The remainder are Ithaca, New York, Santa Fe, New Mexico; Hattiesburg, Mississippi; and Colombia, Missouri.<\/p>\n
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