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Student loan debt hits $1.8 T as grads return home

5/24/2026

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Story summary
  • College graduates, whose class of 2024 averaged $29,560 in loans, face debt and scarce jobs, pushing many to move back with parents.
  • Student-loan debt exceeds $1.8 trillion and is held by over 44 million borrowers.
  • Freelancers earn between $1,600 and just over $3,000 a month, with many spending about half on rent.
  • Professor David G. Blanchflower says wellbeing among workers is declining fastest, with fewer driver’s licenses, dates and sexual activity.