Morgan Housel

So it might be, I think what you're saying is true, but it could be the case that by the time the boomers are actually, my parents are boomers, by the time that they, their generation is fully past the baton onto millennials, millennials are going to be in their 60s.

And so the idea of like, well, you'll get your house then, like when you're 65, that's not going to move the needle too much.

I can give you two sides of this.

One, particularly student loans.

I think it's not hyperbole to say it virtually ruined a generation.

Kind of young millennials and all of Gen Z, you know, just really, I think particularly millennials.

If you were of college age in the mid 2000s,

Everybody told you, go into debt.

It's worth it.

Just do it.

Just sign the documents.

Sign the loan.

Your life will be better.

It doesn't matter if you go to Jim Bob University and get a degree in art history.

It doesn't matter.

Go into 200 grand in debt.

And that's what a lot of 18-year-olds who didn't have a prefrontal cortex developed yet were told and did.

And of course the results are disastrous for us.

And debt, student loan debt is one of the only debts that will travel with you after bankruptcy.

You can't discharge it.