Three in every four Americans aged between 18 and 34 are in some form of debt, a new poll has revealed.
A quarter of millennials in the US are in $30,000 of debt or more, while 11 per cent are more than $100,000 in the red.
Only 22 per cent of people in the age group, meanwhile, have no debt - and only 24 per cent have more cash in their bank account than they owe.
The result, according to the findings of the NBC News/GenForward poll, is that millennials are increasingly likely to put off major steps in life.
Among those steps is owning a home, which 34 per cent of the age group said they hold off on because of debt.
Another is saving for retirement, which 31 per cent said they delay because of cash they owe.