Twenty-somethings—known alternately as Generation Y, Millennials and Echo Boomers—are struggling under a mountain of debt averaging $45,000, according to a survey released today by The PNC Financial Services Group Inc. 

The survey found that the debt of twenty-somethings increases as they move into their late 20s, with debt levels averaging $12,000 for 20- to 21-year-olds and $78,000 for 28- to 29-year-olds. Meanwhile, the portion of income saved declines as they grow older, the survey found. 

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