Despite Aggressive Deleveraging, Generation X Remains Generation Debt – FED

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Mark Melin
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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. 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 out. Writing in the latest issue of “In The Balance,” a publication from the…

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Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.