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The narrative nowadays heavily encourages people to #yolo and live on credit. When everyone around you is getting into debt via epic trips, getting into debt no

• isostatic 8y ago
  It’s not. It takes two to get in debt, the borrower and the lender. Lenders are lending money and don’t see a problem, and it’s their money at risk. As millennials get more power and reach a majority, entering their 40s with no monetary assets to speak of, many debts, but still have income, they’ll push for policies to increase inflation and keep interest rates low. This means the debt they owe reduces, their salaries increase, cost of living increases, but only those with cash investments lose out. This is a failure of the previous generations to ensure that the wealth is spread widely. When you’re dribbling in a nursing home the millions of dollars you’ve saved aren’t going to wipe your ass, it’s the downtrodden youth.