As you can see here https://www.visualcapitalist.com/visualizing-u-s-household-debt-by-generation/ The average debt held by the generations is fairly close, which means millenials are FUCKED with an average of 90k vs 560-900k.
Based on those numbers, the average millenial is in debt for 100% of their networth, while the average gen x is in debt for only 1/5 their net worth, baby boomers are in debt for roughly 1/10 their net worth, and, the silent generation is in debt for roughly 1/20 of its net worth.
As you can see here https://www.visualcapitalist.com/visualizing-u-s-household-debt-by-generation/
The average debt held by the generations is fairly close, which means millenials are FUCKED with an average of 90k vs 560-900k.
Based on those numbers, the average millenial is in debt for 100% of their networth, while the average gen x is in debt for only 1/5 their net worth, baby boomers are in debt for roughly 1/10 their net worth, and, the silent generation is in debt for roughly 1/20 of its net worth.
(post is archived)