Debt Increase by Age Group [...]

To read the news you might think that debt millennials were suffering under much more debt than previous generations at their age. And that would be true. But less recognized is this: every one in America is straining under much more debt than fifteen years ago, and in fact the younger generations are far less impacted by those trends than the oldest.

As a matter of fact, the late career demographic has experienced increases in debt more than four times that of millennials, possibly due to stagnating or declining wages and housing related impacts.