The Three Ds of Doom: Debt, Default, Depression (Charles Hugh Smith), page-4

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    Sabath

    "Up until recently you could get 105% of your house loan, you could use offset mortgages, you can fill your house with every modern conceivable furnishing, you can get a new car every few years, enjoy overseas holidays almost annually.Really are the young folk really that badly off? - what took us oldies decades to buy outright most these days have it immediate gratification and think of the joy they have for the next few decades enjoying all those toys to play with."

    Do you know a lot of young people that can do all of the above, because I dont. A lot of young people now are underemployed and scratching to make ends meet. A lot of them are still living at home because the cost of rent and living costs are too expensive. I dont know what circles you move in.
 
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