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Study finds young people in more debt than older generations
Posted: Jan 28, 2013 1:36 AM by Katie Ferber & Oliva Bickel, KSBY News
A new study says younger people borrow more than previous generations.
The study from Ohio State University says today's young people have far more credit card debt than their parents and grandparents at a similar age.
Not only is this credit easier to get, but there is more temptation to spend.
The study also found that young people are not only quicker to get into debt, but they are also slower to pay them off.
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