Soaring levels of student loan debt are not only burdening recent graduates but have created entire generations that aren’t able to save and invest, potentially hurting long-term economic growth.

College-educated members of Generation X, those born between 1965 and 1980, have accumulated less wealth than their parents had at the same point in their lives, according to a new study by the Pew Charitable Trusts. The Gen Xers have built up $20,000 less home equity than their parents, adjusted for inflation, and a median debt seven times higher.