Credit unions and Gen Y need each other, and it's not hard to see why.
During CUNA Mutual's online Discovery conference, Brent Dixon, an adviser for Filene Research Institute specializing in young adult issues, began his presentation on attracting and retaining Gen Y members with some distressing numbers.
Young people are in deep financial trouble. In the past decade, average student debt levels rose from $9,250 to about $20,000. Additionally, the average college senior owes nearly $3,000 in credit card debt.
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