Student loan debt is forcing many young Americans to delay major life decisions, according to new research released by Gallup and the Lumina Foundation.
The report found that nearly two-thirds of Gen Z borrowers have postponed at least one major milestone because of education-related debt. According to the findings, retirement savings and returning to school were the most commonly delayed goals.
Student loan debt is delaying life milestones for young Americans https://t.co/9q8GKy2xUx
— Axios (@axios) May 12, 2026
The report said student loans are also slowing home purchases, car ownership, and marriage plans. Roughly one-third of Gen Z borrowers said debt prevented them from buying a house or vehicle.
Researchers noted that rising housing costs and the return of collection efforts on defaulted federal student loans are worsening financial pressure on borrowers. U.S. student loan debt now exceeds $1 trillion.
Despite those concerns, Americans still broadly believe higher education remains valuable. However, many respondents said affordability continues to be a major obstacle to earning a college degree or professional certificate.
Also Read:
Which Military Options Is Trump Reviewing Against Iran
