Baby Boomers Are Drowning In Loans: Debt Of Average 67-Year-Old Soared 169% In Past 12 Years

by Tyler Durden
ZeroHedge.com
02/12/2016

Americans in their 50s, 60s and 70s – the Baby Boom generation – are carrying unprecedented amounts of debt, a shift which according to the WSJ “reflects both the aging of the baby boomer generation and their greater likelihood of retaining mortgage, auto and student debt at much later ages than previous generations.” While aggregate debt of Gen-Xers has admirably declined by 12% in the past 12 years, the aggregate debt of the average Baby Boomer has soared by an unprecedented 169%!

The Rest…HERE

This entry was posted on Friday, February 12th, 2016 at 3:06 pm and is filed under Economics, Government Evil, New World Order. You can follow any responses to this entry through the RSS 2.0 feed.