GettyWhile experts debate what’s ahead for the U.S. economy, a major issue that’s often overlooked continues to pose a threat – personal financial health. Student loan debt has grown to $1.46 trillion, up nearly $80 billion in the past year. Financial literacy, though, is a persistent issue that’s keeping many Americans from realizing the full benefits of this favorable economic environment. These personal financial issues can quickly become bigger problems for local and national economic growth. In fact, home ownership rates for millennials are lower than previous generations, because of rising student loan debt.

Source: Forbes April 11, 2019 18:56 UTC