Who will pay the bills? If they become delinquent, who will bail our the investors that bought the derivatives holding that debt? Expansion of debt far beyond what the average person thinks. This is a truly messed up financial system.
If you are a MILLENNIAL or know a one, do you believe this information to be accurate?
The amount of debt that has been racked up by individuals is historic. Millennials are drowning in debt right now and it seems that they have credit card debt worse than any previous generation. WIth the future looking grim for average jobs, millenials need to plan accordingly.
Poll: Majority of millennials are in debt, hitting pause on major life events
Home Values Are Rising by $800 a Day in San Jose – Bloomberg