Debt has more far-reaching impact, too.
Approximately three of every four millennials in the United States report having some form of debt, according to the survey, including a quarter who are more than $30,000 in the hole and 11 percent who owe more than $100,000. "As a result, saving has taken a backseat," the survey notes, "which has affected the pace at which millennials live their lives and left most unprepared for a financial emergency.
MakeIt SAME IN CANADA; the cost of living has skyrocketed through the roof. You need a 75,000$+/person to settle flush.
MakeIt It's not good for the economy if people can't assume risk because they are so constrained by debt.
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