If you're a young adult, chances are you have less debt now than
you did at the start of the Great Recession. Eighteen to
35-year-olds are swiping their credit cards less and putting
more money in the bank, making them more fiscally responsible
than before the economic crisis hit. The drop in debt didn't
happen overnight but it is impressive. From 2007 to 2010, adults
younger than 35 who are the head of a household, reduced their
debt by 29 percent, which is about $6,500, according to a Pew
Research study. UCSB junior Izabella Ferayan used to have three
credit cards. "I cut up one of my credit cards, paid that one
fully off. So, I'm down to two now, so hopefully that becomes
one by summertime," she said. The drop in personal debt isn't
just from using less plastic. Fewer people are buying cars and
houses that carry hefty monthly payments. Aidan Hopkins, 30, has
a relatively new car but it is paid off and he's putting money
in the bank. "You don't really know what the future's going to
hold. I feel pretty comf