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RE: 80% of Americans Are In MASSIVE Levels of Debt! ALL Generations Are Near Bankruptcy!

in #debt7 years ago

I am quite surprised at the level of baby boomer debt. Is it possible that this is second mortgages on behalf of children / their kid's educational loans etc?

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It's certainly possible. But I wonder how much healthcare costs have an effect on this.

Yes of course - being from Scotland where we have the NHS I forget the horrendous costs elsewhere that have to be met by the individual.