New survey: Half of millennials would give up their right to vote to have their student loan debt forgiven
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.
A new survey from Credible, conducted through Pollfish, finds that millennials, ages 18 to 34, would be willing to sacrifice their right to vote to be free of this debt.
The results show 49.8% answered yes to “Giving up your right to vote in the next two presidential elections,” as details by the MSNBC coverage of the survey. 43.6% would give up ride sharing, 42.4% would not travel outside of the U.S. for five years with only 27% willing to move in with their parents for five years. Most Millennials are NOT willing to give up their texting and messaging abilities (only 13.2%) and only 8.2% were not willing to give up anything and would just pay the loans.
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 .
Credible published a massive study showing where the student loan debt is hitting the hardest, examining the 23 most populous cities in the U.S. based on U.S. Census data.