What distinguishes the consumer who got in over his head with credit
cards from the
college graduate whose «earning potential» never quite materialized
after borrowing gobs of money to fund his education?
It's not unusual for young people to have some student loans and credit
card debt when they are just getting started in life —
after all, average student loan debt in the U.S. is approximately $ 27,000 per student, and a recent study
from Fidelity found that 2013
college graduates had an average debt burden of $ 35,000 (including credit
card debt).