Quote:
Originally Posted by MarchHare
I know it's easy to criticize the "kids these days", but do statistics back up the common assumption that Gen Y has more consumer debt than Gen X or the Baby Boomers? I know I once saw a statistic (can't find the source right now, unfortunately) that showed Gen Xers, on average, saved the most for retirement while the Boomers saved the least.
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I haven't see solid numbers myself (it could be hard at absolutely cut people into on "Gen" or another) but a quick Google gave me this:
http://www.usatoday.com/money/econom...eny23_CV_N.htm
As seen in the news, (Canadian) households are piling up record levels of debt - the pictures in that article also seem to indicate they are piling up the pounds as well.
