In this video, I talk with author and economic analyst John Sneisen about the crippling debt that millennials are facing, today and far more so in the future.
As we break down, millennials (born between 1982 and 1996) are financing everything from bed sheets to concert tickets. While baby boomers are in vast amounts of debt, their children are becoming dependent on them and living at home through their 20s.
From monetary system debt, to government debt, derivative market debt then debt from loans, college, university, car loans, home loans, millennials are seemingly doomed! Pensions will be non-existent for millennials and the debt carried over from their parents as they die off is abundant.
This is not necessarily set in stone however. If millennials break free from the paradigm and become financially responsible and independent, they can prepare themselves for the coming fiat crash and of course long term for the future, especially as they bring children into the world.
