Why Americans in Their 30s Are Racking Up Historic Debt | Your Money Briefing | WSJ

Total debt for millennials in their 30s hit more than $3.8 trillion in the fourth quarter, a 27% jump from late 2019, and the steepest increase of any age group.

Host J.R. Whalen is joined by WSJ reporter Gina Heeb as well as 31-year-old Stacey Coquelin, who is struggling to contain rising debt as well as her daily expenses.

0:00 How bad has debt gotten for millennials since the pandemic?
1:14 How millennial debt compares to other age groups
1:41 How millennials got themselves into tough debt situations
2:35 An interview with a 31 year-old mother of two about her finances
5:10 What debt for millennials looks like moving forward

Your Money Briefing
WSJ's personal-finance podcast features the news that affects your money and what you do with it, breaking down complicated money questions from spending and saving to investing and taxes.

For more episodes of WSJ's Your Money Briefing: https://link.chtbl.com/WSJYourMoneyBriefing

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