Thursday, June 19, 2014

More on Credit Card Debt

TD Bank did a study focusing on the habits of the Millennial generation (ages 19 - 29 yrs) and found some interesting results.  This group has entered the workforce in the worst of economic times and as such seems to have tendencies towards financial conservatism quite similar to people who grew up in the Great Depression.  Job prospects have been difficult for this group at best and financial markets were roiled within their formative years.  Many also carry high levels of student debt.  More later.......