POLL: Millennials Are Willing To Give Up Virtually Anything To Get Rid Of Student Debt
Millennials will give up almost anything to get rid of their student debt, according to a poll released Monday.
Nearly half of the poll’s respondents said they would be willing to forgo voting in the next two presidential elections if their debt was forgiven instead, according to Credible. Forty-three percent of millennials were also willing to give up ride sharing services like Uber and Lyft forever if it meant that their loans would be erased.
Roughly 43 percent of respondents were fine with relinquishing international travel for five years, but only 27 percent said they would move in with their parents for the same amount of time if debt forgiveness was the tradeoff.
Only 8 percent of respondents said they would rather keep paying off their accrued debt than give up personal freedoms or the listed conveniences.
More than 42 million Americans are currently struggling to paying back a total of $1.33 trillion in federal student loan debt, according to the U.S. Department of Education. The median student loan debt balance is $17,000, according to a survey of borrowers by the Federal Reserve.
Pollfish conducted the survey between Sept. 7 and Sept. 8, using data from 500 respondents ages 18 to 34.
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