Millennials are building up a mountain of debt in pursuit of the middle-class American dream — and they're starting to miss credit card payments at an alarming rate
at the highest seasonally adjusted rate since April of 2021, and auto loan balances increased by $28 billion in the fourth quarter of last year. One can presume that to at least some degree, millennials took part in the recent car buying spree. low mortgage rateAs of December, the median monthly US mortgage payment on the median US home was $1,959, according to the. While this was down slightly from prior months, it was higher than any month between 2006 and 2021.
These obstacles have kept many millennial buyers out of the market, but in recent months, it appears that some have decided to dive in anyway. In January, a
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