Money Under 35

Navient’s 2017 national study on financial health of young adults between the ages of 22 and 35

Money Under 35

The author(s)

  • Julia Clark Senior Vice President, US, Ipsos Public Affairs
  • Timothy Amsbary Vice President, US, Ipsos Public Affairs
  • Jennifer Berg Senior Account Manager, US, Public Affairs
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Washington, DC —  Navient’s Money Under 35 is a national study conducted by Ipsos that provides a snapshot of how young adults are faring financially in the current economy. Now in its third year, the study is based on a nationally representative sample of 3,011 Americans aged 22 to 35 across all levels of educational attainment, from those whose education was completed at or prior to the high school level to those who have completed an advanced degree.
The 2017 study reconfirms the value of educational attainment for young adults in achieving financial health, while exploring for the first time the family educational and financial backgrounds of those who completed college and those who did not. The 41 percent of young adults aged 22 to 35 who have completed their degree, regardless of family education or financial background, show distinctly stronger financial health across a variety of measures than those who did not go to college and especially stronger than those who attended some
college but did not earn a degree.

More analysis is available here.  

About the Study

Target population
Ipsos conducted 3,011 online interviews with young adults between 22 and 35 years of age using a nationally representative sample between May 9 and June 1, 2017.
Sample design
Sample was drawn from two sources:

  • Panel Members, panelists opt in and are incentivized by receiving instant-win opportunities, sweepstakes entries and daily prize giveaways.
  • Ampario sample, a multisource real-time sample recruited and incentivized in the context that they have chosen and are currently engaged in.

The sample was designed to over-represent associate degree and advanced degree holders in order to reach a minimum of 450 responses from each group.
The sample was stratified by additional variables, such as gender, region and age. The target set for each of these variables is shown in Table A.
To correct for the disproportionate stratified sample, the survey was weighted using a technique called rim-weighting to adjust the sample so that it is representative of the current U.S. population. The sample was weighted by gender, race/ ethnicity, region, education, and household income, crossed by age. All demographic profiles used in the weights were sourced from the April 2014 U.S. Census Bureau’s Current Population Survey (CPS) and the 2015 American Community Survey (ACS).

Margin of Error (MoE)

The MoE is a measure of sampling error. It is used to quantify the range of possible values for an observed sample statistic taking into account the possible sample variation; i.e., the larger the MoE, the greater the uncertainty in the survey results with respect to the statistic being analyzed. More specifically, the MoE can be defined as the maximum absolute difference between the statistic and the actual population parameter being estimated that would be expected from a simple random sample, with a predetermined confidence level. When estimating percentages from this survey using the whole sample (3,011), the MoE is estimated to be approximately +/- 2.5 percentage points, with a confidence level of 95 percent. If percentages are being estimated from sub-domains of the survey, i.e., not using the whole sample, then the MoE will be higher than the one stated above, and must be recalculated. Assuming that each domain being compared has a different sample size, the rule when estimating percentages from a base of n cases is MoE(n) = 1 ⁄ √n. In this context, to judge whether the observed difference between two domains (groups) with different sample sizes, say n1 and n2, is statistically significant, this difference should be compared to (1 ⁄ √n1)+(1 ⁄ √n2). If it is larger, then it’s considered statistically significant.

For more information on this news release please contact:

Julia Clark
Senior Vice President
Ipsos Public Affairs

Tim Amsbary
Vice President
Ipsos Public Affairs

Jennifer Berg
Senior Account Manager
Ipsos Public Affairs

About Navient

Navient (Nasdaq: NAVI) is a leading provider of asset management and business processing solutions to education, healthcare, and government clients at the federal, state, and local levels. The company helps its clients and millions of Americans achieve financial success through services and support. Headquartered in Wilmington, Delaware, Navient employs team members in
western New York, northeastern Pennsylvania, Indiana, Tennessee, Texas, Virginia, and other locations. Navient is committed to helping young people establish healthy financial habits, starting with the transition from school to
successful loan repayment.

About Ipsos Public Affairs

Ipsos Public Affairs is a non-partisan, objective, survey-based research practice made up of seasoned professionals. We conduct strategic research initiatives for a diverse number of American and international organizations, based not only on public opinion research, but elite stakeholder, corporate, and media opinion research.

Ipsos has media partnerships with the most prestigious news organizations around the world. In Canada, the U.S., UK, and internationally, Ipsos Public Affairs is the media polling supplier to Reuters News, the world's leading source of intelligent information for businesses and professionals. Ipsos Public Affairs is a member of the Ipsos Group, a leading global survey-based market research company. We provide boutique-style customer service and work closely with our clients, while also undertaking global research.

About Ipsos

Ipsos is an independent market research company controlled and managed by research professionals. Founded in France in 1975, Ipsos has grown into a worldwide research group with a strong presence in all key markets. Ipsos ranks fourth in the global research industry.

With offices in 89 countries, Ipsos delivers insightful expertise across five research specializations: brand, advertising and media; customer loyalty; marketing; public affairs research; and survey management.

Ipsos researchers assess market potential and interpret market trends. They develop and build brands. They help clients build long-term relationships with their customers. They test advertising and study audience responses to various media and they measure public opinion around the globe.

Ipsos has been listed on the Paris Stock Exchange since 1999 and generated global revenues of €1,782.7 million in 2016.

The author(s)

  • Julia Clark Senior Vice President, US, Ipsos Public Affairs
  • Timothy Amsbary Vice President, US, Ipsos Public Affairs
  • Jennifer Berg Senior Account Manager, US, Public Affairs

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