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An interesting article. But to be fair, I don't think the issue is entirely the fault of profligate 'lifestyle' spending habits (though undoubtedly there is some of that going on).

Rather, it is the interesting graph about half way down the article in which the double threat of soaring education debt and declining mortgage debt, a result of not being able to afford to buy a property and getting trapped in rental properties, that seems to be the crux of the problem.

zerohedge.com/markets/millenni

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Winter Ink

Winter Ink is a philosophical playground from which we can exchange and explore ideas with the Fediverse in a respectful and thoughtful manner.