Those born between the ages of 1965 and 1980 – who mostly developed their spending habits as Alan Greenspan was flooding the US economy with new money supply and the U.S. was ramping up historic government debt – have accumulated twice as much personal debt as any generation.
![Personal Debt](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%20569%20569'%3E%3C/svg%3E)
Generation X, the most aggressive borrowers
“Generation X,” as it is known, were the most aggressive borrowers during the years leading up to the financial crisis, a new study from the Federal Reserve Bank of St. Louis points...
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