Why Are Millennials in So Much Debt?
Millennials are accumulating debt at historic rates, and it could get worse for the next generation, experts told Newsweek.
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Millennials are accumulating debt at historic rates, and it could get worse for the next generation, experts told Newsweek.
<p><span>It is a pleasure to be with you today to discuss the evolving money and payments landscape in the United States, which is a topic of primary importance to the Federal Reserve. Technological innovation has changed this landscape in recent years, as we have seen the emergence of new financial services entrants offering payments services, new platforms designed to increase the speed of payments, clearing, and settlement, and new forms of digital money. Over the past several years, and as a direct result of these developments, we have seen a significant increase in attention o...