 TITLE: Baby Boomers’ Student Loan Debt Continues to Grow CONTENT: Baby Boomer Student Loan Debt Tops Most Age Groups\n--------------------------------------------------\nBaby boomers—consumers between the ages of 55 and 73—had the second-highest student loan balances of any generation in Q1 2019, according to Experian data. Boomers carried an average of $34,703 in student loan debt, trailing their younger peers from Generation X, who carried an average of $39,584 in Q1 2019.\nThe high balances among both of these generations is striking, as the youngest member of Generation X is 39 years old—considerably older than the average age of a college student. And while there is no limit to when someone can attend school and take a loan, a portion of these high balances is attributable to the increase in parents taking specialized student loans to fund their children's education. Nearly 800,000 parents borrowed through the federal government's Parent PLUS student loan program between 2017 and 2018, according to the Urban Institute.\nAfter Gen X and baby boomers, millennials had the next highest average debt amount, followed by the silent generation and Generation Z.\nSource: Experian Q1 2019 data END