The average student debt load for young adults is about $37,000, according to the study.

Today’s young adults are having a much harder time achieving financial independence than young adults in previous generations, according to a study by Merrill Lynch and Age Wave.

The study, the last of a series examining distinct life stages, surveyed a national sample of more than 2,700 young Americans, age 18 to 34, about the financial challenges they face, and the results are somewhat disturbing.

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