Despite Aggressive Deleveraging, Generation X Remains Generation Debt – FEDMark Melin
Those born between the ages of 1965 and 1980 – who mostly developed their spending habits as Alan Greenspan was flooding the US economy with new money supply and the U.S. was ramping up historic government debt – have accumulated twice as much personal debt as any generation.
Generation X, the most aggressive borrowers
“Generation X,” as it is known, were the most aggressive borrowers . . .
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