Outside the Box – Another Day Younger and Deeper in Debt

My friend Neil Howe , author of Generations, The Fourth Turning, and other books and president of Saeculum Research, joins us today in Outside the Box with a succinct, eye-opening essay on generational differences in debt levels and attitudes towards debt.

I often write about the problems that come with overindebtedness, but we’re usually talking about public debt, here in the US or abroad. But personal or household debt in America is nearly as massive as government debt, as this chart shows: As you can see, household debt was relatively stable from the mid-’50s until the turn of the century, […]