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re: Experian: Millennials have horrible credit

Posted on 5/1/19 at 6:01 pm to
Posted by Cheese Grits
Wherever I lay my hat is my home
Member since Apr 2012
55240 posts
Posted on 5/1/19 at 6:01 pm to
quote:

I mean shite, isn’t that what started the Great Depression?


Nope, inflated stock values in the 20's were similar to Dutch Tulip boom then bust.

quote:

The Great Recession under carter?


Oil shocks under Nixon (early 70's) and Carter (late 70's) coupled with funding the Vietnam War caused most of the financial malaise of that decade.


quote:

Don’t give me this shite that spending beyond your means started with millennials.


It stared in the 1980's with the massive expansion of credit so yes it is a relatively new phenomenon.
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