By the first quarter of 2019, Americans owed nearly $1.5 trillion in student-loan debt. The only age group for which student-loan debt represented the highest share of overall household debt was 18- to 29-year-olds, who together owed nearly $350 billion in student-loan debt. Mortgages took over as the greatest debt burden for 30- to 39-year-olds and 40- to 49-year-olds, with student-loan debt in second place for both of those age groups. Student-loan debt totaled more than $495 billion for people in their 30s and more than $320 billion for people in their 40s. Auto loans moved up to second place after mortgages for the highest share of overall household debt for 50- to 59-year-olds, while student-loan debt slipped to third place.
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