Despite Aggressive Deleveraging, Generation X Remains Generation Debt – FED

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 during the years leading up to the financial crisis, a new study from the Federal Reserve Bank of St. Louis points out. Writing in the latest issue of “In The Balance,” a publication from the…