The Impact of Rising Costs of Essential Items on Americans' Financial Well-being on Nostr: Generation X Has the Highest Non-Mortgage Debt, Followed by Millennials: Tracking ...

Generation X Has the Highest Non-Mortgage Debt, Followed by Millennials: Tracking Debt Across Generations
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#ef600a7c ver:0.48

#GenerationX and #Millennials have the highest non-mortgage debt, while #GenZ faces mounting financial challenges due to rising costs of education, housing, and everyday expenses. They have more debt, higher delinquency rates, and are maxing out credit cards. Policymakers and financial institutions must address these issues to support the younger generation. #Inflation is exacerbating the problem, making it difficult for Gen Z to build wealth and save for the future. However, #Bitcoin offers a potential solution, providing independence, protection against inflation, and equal access for all....

#newstr #Debt #Generations #FinancialObligations #HouseholdDebt

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