On an inflation adjusted basis, millennials make more money than Gen Xers or boomers at the same age. But they own fewer houses and other long term investments. You blame colleges in the government for that. And you have an entire generation who is just swimming in college debt.
Americans are experiencing a “personal recession” with debt hitting its highest levels in history. Rising mortgage rates and institutional buyers have all combined to disrupt the American dream of home ownership. In this episode we speak to recovering investment banker Carol Roth, author of You Will Own Nothing about how Wall Street is benefitting at the expense of the average American. Get the facts first on Morning Wire.