The New 30-Something

“They are grappling with paying off student-loan debt, their savings might not be as strong because of that, and many are taking care of other family members,” said Iimay Ho, 32, the executive director at Resource Generation, an organization that works with people ages 18 to 35 with wealth or class privilege to engage on issues of inequality. Roger Quesada, 34, calls his $65,000 of student-loan debt to Sallie Mae, which incurs $400 a month in interest payments alone, “a jail sentence.” “It’s been trying to navigate our economy without one of the most important components — good credit — that provides enormous advantages and privileges,” said Mr. Quesada, who grew up working-class in West New York, N.J. “That’s something many in my generation take for granted — graduating debt free.”

Source: www.nytimes.com