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RE: Debt Doesn't Work In an Ever Changing Job Market
Dear @chekohler
Interesting choice of topic. Grear read from the very start.
It amaze me how little people know about finances and idea behind creating debt and printing money. I'm always happy to learn something new.
In the previous baby boomer generation.....
One of the reasons debt worked in their era was the stability of the job market.
I always assumed that main reason was the fact, that population has been growing rapidly. And that was driving economies. More people = more debt = more wealth.
One of the reasons Millenials are saddled with so much debt is due to several reasons
Millenials are kind of ... doomed. Dont you think?
Will upvote once my vP will reach 100%.
Yours, Piotr
No one was taught about money at school and their parents didn't bother to learn further than how to spend money. Sadly people don't give it much thought, they focus on what they can do with it, not what it can do for them.
Yes you are correct they bigger population meant more debt and more wealth because there was always another sucker to feed the ponzi and buy up from the next guy for a profit but it wasn't going to last forever
I think they are not doomed, they will just have to change their lifestyle from what we have now. I think communal living, off the grid living, will become more popualr