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More Young Americans, Burdened By College Debt, Wary of Credit Cards


Many young Americans are burdened with heavy debt from loans to pay for college before they even begin their work life. Concern about paying back their student loan often scare millennials, people between 18 and 35, away from using credit cards. This trend, some experts say, may have a long-term impact on the economy. Faiza Elmasry has the story narrated by Faith Lapidus.

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