Who hasn’t wondered which generation has the most debt? The discussion actually led to a pretty heated battle in the Evan household. While the people at Live Credit Smart provided us with actual answer of What Generation Has the Most Debt I believe it should be a deeper conversation:
The Wife took the infographic at face value saying that it is our generation was the first ones with access to cheap student loans, cheap mortgage rates and Credit Card offers at every building in college. I believe that you can’t look at the infographic at face value since it follows a normal American’s life arch. For instance when you hit 30 you’ll be buying a home, getting a car, and still have those student loans, but as you hit where the baby boomers are your debt should winding down.
What are your thoughts on the debt statistics?