No argument there......debt is obviously a general problem these days. But I think millennials have felt the sting most because they never had the opportunity to save like previous generations. It was ~ 2000 or so when wages decoupled from GDP and all economic growth began being swallowed up by bankers. So millennials have never known anything except shit wages and skyrocketing cost of living, in addition to being piled under debt.
Millennial are also usually being called failure generation, lazy, not working hard enough like previous gen, unmotivated, who cant provide food, money, and responsibility to themselves or anyone else, and most of them are basement dwellers, it is sound like theyre doing everything to become sabotage the society, what if theyre never given a chance for at all?
That's sort of where I'm coming from. I think millennials have things much harder than the couple generations that came before them. Property is becoming completely unattainable for working class and even middle class folks. Pensions are a thing of the past. In the USA, even job benefits (medical insurance, paid sick days, and so on) are becoming a thing of the past as we transition away from traditional employment in favor of independent contractors. All while rents and food prices are increasing (and wages are not).
This situation is a ticking time bomb and I truly wonder younger people will do in the coming years. I believe consumers are in a much more precarious position this time, if another 2008 happens.