Young People Tapped Out Financially

January 23, 2006 | | Investment News |
Astronomical student debts, depressed wages, and soaring health-care and housing costs are among the reasons that 18- to 34-year-olds face a "crippling financial situation," according to Tamara Draut, author of "Strapped: Why America's 20- and 30-Somethings Can't Get Ahead" (Doubleday, 2006).
 
Advertisers may consider young people ages 18 to 35 the most desirable demographic, but according to a new book, 60% of those in the group are struggling financially.