Stocks Hit Highs While Uncertain Credit Union Members Continue to Save
The Dow Jones industrial average in recent days has ended a surge that the markets hadn’t seen in 17 years.
For some, it was one more sign that the nation’s economy may be continuing to move along the road to recovery. Industry watchers said the Dow’s ascension, which started at close to 14,254 on March 5 and peaked at 14,514 on March 15, was fueled by several factors, including a spike in gas prices.
With Gen X, average mortgage debt was $181,706, which was 21% above the U.S. average. Average student loan debt and credit card debt were $44,270 and $8,801, respectively.
Gen Y had less debt averages, according to SaveUp. The average mortgage debt was more than $161,000, which was 7.5% above the U.S. average. Average student loan debt and credit card debt were $40,273 and $4,113, respectively.