This look even WORSE when you compare past incomes to debts. Millennial's average income according to google is 47,000 a year. According to the visualcapitalist link I sent, they are on average in debt 85k.
In 1950 the average american was $500 in debt with an average income of 33k. The debt ratios for the newer generations are REALLLY REALLY bad compared to the past.
This look even WORSE when you compare past incomes to debts. Millennial's average income according to google is 47,000 a year. According to the visualcapitalist link I sent, they are on average in debt 85k.
In 1950 the average american was $500 in debt with an average income of 33k. The debt ratios for the newer generations are REALLLY REALLY bad compared to the past.
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