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Millenials and Debt


               
2013 May 24, 3:05am   1,184 views  8 comments

by dublin hillz   follow (1)  

http://www.thestreet.com/story/11933126/1/millennials-wont-be-debt-free-until-they-die.html?puyahoo&cm_ven=YAHOO

Another example of why "economic growth" via debt is a mirage (especially as it pertains to credit card debt). True economy in the consumer disretionary sector can only be evaluated via organic spending (non financed via paychecks). Anything else (credit cards, Helocs) are only smokescreens and deceptions to make the stats look good via steroids.

Comments 1 - 8 of 8        Search these comments

1   New Renter   2013 May 24, 4:35am  

Bankrupcy, then "Its CASH or FUCK YOU America!"

2   Dan8267   2013 May 24, 7:35am  

Millennials Won't Be Debt Free Until They Die

Seems optimistic. I bet the bankers find a way to make debt continue after life. Zombie banks, zombie debt, zombie debtors?

3   New Renter   2013 May 24, 7:40am  

Dan8267 says

Millennials Won't Be Debt Free Until They Die

Seems optimistic. I bet the bankers find a way to make debt continue after life. Zombie banks, zombie debt, zombie debtors?

Hereditary debt. Your kids, their kids and their kids pay for the rest of time.

4   Dan8267   2013 May 24, 7:44am  

New Renter says

Dan8267 says

Millennials Won't Be Debt Free Until They Die

Seems optimistic. I bet the bankers find a way to make debt continue after life. Zombie banks, zombie debt, zombie debtors?

Hereditary debt. Your kids, their kids and their kids pay for the rest of time.

Until the next time Republicans hold both the White House and Congress. Then they'll pass a federal law mandating the sterilization of all descendants who cannot pay off the decease's debt within 5 days of death.

5   dublin hillz   2013 May 24, 7:51am  

Maybe the debt issue will be an antidote to the narcissism that millenials are famous for?

6   anonymous   2013 May 24, 8:00am  

dublin hillz says

Maybe the debt issue will be an antidote to the narcissism that millenials are famous for?

You meant to say, the narcissism that BOOMERS are famous for, no?

7   dublin hillz   2013 May 24, 8:02am  

errc says

dublin hillz says



Maybe the debt issue will be an antidote to the narcissism that millenials are famous for?


You meant to say, the narcissism that BOOMERS are famous for, no?

Apples don't fall far from the tree. The boomers made the millenials. Gen X has the highest morals....

8   New Renter   2013 May 24, 8:51am  

IDan8267 says

New Renter says

Dan8267 says

Millennials Won't Be Debt Free Until They Die

Seems optimistic. I bet the bankers find a way to make debt continue after life. Zombie banks, zombie debt, zombie debtors?

Hereditary debt. Your kids, their kids and their kids pay for the rest of time.

Until the next time Republicans hold both the White House and Congress. Then they'll pass a federal law mandating the sterilization of all descendants who cannot pay off the decease's debt within 5 days of death.

I think you mean the INCARCERATION into forced labor of said unfortunates. You may not be able to get blood from a stone but you can chain it up and make it work for your profit while collecting lots of guv'mint contract money, again for your profit.

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