Lewis Diuguid

August 28, 2014 11:11 AM

Generation X labeled ‘Generation Debt’ for good reason

The Federal Reserve Bank of St. Louis reports labels them “Generation Debt, saying: “The average member of generation X (born between 1965 and 1980) owes about 60 percent more debt (adjusted for inflation) than his or her counterpart of the same age did in 2000. No other generation’s average debt burden increased that much between 2000 and 2014.”

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