Millennials are bogged down by massive student debt and confiscatory housing prices.
from My Budget 360
Millennials are a critical group in terms of where the economy goes in the next few years. The economy largely relies on younger people to spend and purchase consumption items. Think of a young couple buying their first home. That in itself is a big purchase. Then comes big ticket items like refrigerators, a family car, bed, television, and all the trappings of filling a home. Baby boomers followed a very clear script when it came to this consumption behavior. Millennials on the other hand have not. They are largely constrained by a couple of major things that simply were not tied to the previous generation. And what could those be? Millennials are bogged down by student debt and confiscatory housing prices.