Latest News
How Boomer Debt Affects Millennials
Millennials have been shying away from accruing debt thus far so as to not compound with their already staggering student debts. Millennials watched throughout the recession how crippling defaults and bankruptcies could be and have since steered away from amassing any more debt than they had to. This is in direct contradiction to what the Boomer generations have been doing, however, who have been borrowing as much as ever. The trend with Millennials is not expected to last throughout their lives, as they grow older it is predicted that they will start taking on more debt as they begin entering the housing and real estate markets. For more information on this subject, visit this article by John Sandman with The Street.
This posting is presented for informational purposes only and does not represent legal or financial guidance. Any opinions or interpretations presented are either those of the original author or, in the case of articles authored by the AMAC Foundation, are the opinions of AMAC Foundation staff, originally trained and accredited by the National Social Security Association (NSSA) and certified via the AMAC Foundation. Any links included in the article are valid on the posted date; socialsecurityreport.org cannot guarantee the duration of the links’ validity. NSSA and the AMAC Foundation and its staff are not affiliated with or endorsed by the Social Security Administration or any other governmental entity. To submit a question, visit our website (https://amacfoundation.org/services/) or email us at ssadvisor@amacfoundation.org. Because we are a non-profit organization, there is no charge for these services.