Millenials have already BEEN destroyed.
This is just going to be the finishing blow.
Man, I cant even read all that ETHER to the end. Peep this:
''About a quarter of Gen Xers who went to college took out loans to do so, compared with half of Millennials.
And Millennials ended up taking out double the amount that Gen Xers did.
No wonder, given that the cost of tuition has gone up more than 100 percent since 2001, even after accounting for inflation.
The toxic combination of lower earnings and higher student-loan balances—combined with tight credit in the recovery years—has led to Millennials getting shut out of the housing market, and thus losing a seminal way to build wealth.
The generation’s homeownership rate is a full 8 percentage points lower than that of the Gen Xers or the Baby Boomers when they were the same age''
My soul is bleeding.