It’s not news that millennials are in debt.
42.3 million Americans owe a total of $1.33 trillion in federal student loans, according to the U.S. Department of Education. 20-somethings pay on average $351 a month, reports the Federal Reserve. The median monthly payment for that age range is $203.
Now a survey from Credible, conducted through Pollfish, offers insight into just what millennials would be willing to do to be free of those loans. The most popular answer the 500 respondents between the ages of 18 and 34 chose for what they would be desperate enough to sacrifice: suffrage.
Half of them said they would give up the ability to vote in the next two presidential elections.
Perhaps this shouldn’t come as such a surprise. According to Tufts University’s Center for Information and Research on Civic Learning and Engagement, only 50 percent of 18- to-29-year-olds actually turned out to vote in the 2016 presidential election anyway.
The Obama Administration federalized student loans.