There is a massive increase in debt in the U.S. Nobody would deny that. We have seen it on all levels and in all ages. Debt is often referred to as the new wealth. Massive multi-billion dollar corporations are buried heavily in debt. It’s completely out of the ordinary. The issue is that when there is a contraction, it collapsing everything in its path. We saw just the tip of the iceberg in 2008, next time will ultimately be worse.
Millennials are more in debt than any other generation in history - Business Insider
https://www.businessinsider.com/millennials-1-trillion-debt-more-than-any-other-generation-in-history-2019-3
1 in 4 millennials carry credit card debt for at least a year — here's why
https://www.cnbc.com/2019/02/22/1-in-4-millennials-carry-credit-card-debt-for-at-least-a-year--heres-why.html
millennials_fig1.jpg (621×438)
millennials_fig2.jpg (621×478)
Most millennial homeowners have buyer's remorse, a new survey shows
https://www.cnbc.com/2019/02/28/most-millennial-homeowners-have-buyers-remorse-a-new-survey-shows.html
Saddled with debt, young adults lean on parents to buy cars
https://www.autonews.com/sales/debt-saddled-buyers-lean-mom-dad
Global debt up 50 percent since the financial crisis, S&P says
https://www.cnbc.com/2019/03/12/global-debt-up-50-percent-since-the-financial-crisis-sp-says.html
How $1 trillion of debt will drag down an entire generation - MarketWatch
https://www.marketwatch.com/story/how-1-trillion-of-debt-will-drag-down-an-entire-generation-2019-03-13?mod=newsviewer_click
▶️ DTube
▶️ IPFS