Barry Habib

I was mailing stuff here.

Yeah.

I think that's how people have to think.

So you're probably wondering what's going on, why we're in my office for the first hour of the lead today.

So it's an experiment.

This is my actual desk where I do my actual work, not the desk in the studio.

Car debt is at an all-time high.

The car companies have now got you signing up for $1,200 car payments.

Student loan debt is at an all-time high.

And this is Gen Z and millennials.

And of course, credit card debt, thank you to the big banks, is at an all-time high.

When you're drowning in personal debt, you can't afford to buy a freaking house.

And that's what's happened.

We've had these big companies, the car companies, the banks, and Congress with the student loan debt, screwing these two generations at a record like never before.

And so what we're finding is we're finding lots of Gen Zers, lots of millennials able to buy a home when they fight through and sell the stupid car and get rid of these debts.

Well, they're not looking at other investments.

They're broke.

Their disposable income has been eaten up by those three categories I was talking about.

Again, car debt is out of control.

Well, we live in an instant satisfaction society, and that's why, and I've been railing against this, your credit cards now, we're about to hit $1.3 trillion.