there are worse things that not having wealth, im more curious who owns the majority of the debt
These are the questions that need asking.
https://www.visualcapitalist.com/visualizing-u-s-household-debt-by-generation/
According to this, and https://www.federalreserve.gov/releases/z1/dataviz/dfa/distribute/table/quarter:119;series:Net%20worth;demographic:generation;population:all;units:levels
Millennials average net worth is 90k, average debt, 85k.
Gen x average net worth is 560k, and 140k debt.
Baby boomers 900k average net worth with 97k debt,
and silent generation is 890k average net worth with only 43k average debt.
Millennials are by far in the worst shape with their net worth to debt ratios.
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.
im more curious who owns the majority of the debt
Do you really have to ponder who owns most of the debt? This is Poal. It's well known who owns the debt and how they use it to control everyone else.
Yea... I may have mis-answered what he was asking if he was really asking who owns the debt(((lol))). But that's such a simple answer, the banks. The banks own the debt. The question then becomes who owns the banks, and I would assume we all already know that.
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