Millennials Focus on Salary Levels

96998509-0005-4bd4-85d7-f749d6aa4a49Student Loan Debt Blamed for Millennial Focus on Salary Levels, Job Hopping


CBS Moneywatch reports that student loan debt has ballooned to a staggering $1.3 trillion, with only 37 percent of those with student loan debt up to date on their payments. Moneywatch reports that most millennials stay in their jobs for 12 to 18 months, and the news outlet attributes the fact that millennials will so readily jump ship for a higher paycheck to the fact that an estimated 45 to 60 percent of millennial income is consumed to cover debt, combined with the “I’m worth it attitude” many millennials have adopted. Monewatch says that many employers have begun to offer student loan assistance programs to millennials not only to attract this talent, but to get them to “stay put”.

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