Half of Millennials have yet to start saving. 42 percent say they are overwhelmed with debt (which is good news if they plan on taking the largest form of debt, a mortgage right?). And something that is very unique to this group, 64 percent financed their college degrees which many baby boomers did not (or if they did, it was a trivial amount during a time of real growing incomes).Check out the charts.
This kind of evidence suggests that this upcoming generation will have it financially tougher than that of baby boomers that witnessed one of the hottest stock and real estate markets ever. It is also no surprise that many younger Americans are living at home in spite of what we are told about the economy
Wednesday, September 04, 2013
California’s disappearing middle class: Is the California dream viable for middle class families? The growing disparity between rich and poor.
Dr. Housing Bubble reports:
Posted by Steve Bartin at 3:56 AM