I do think twentysomethings are taking on much more debt than previous generations. It is so easy to get credit. I have seen so many who think nothing of buying a 3k plasma TV even though they are deep in debt.
My husband and I were able to pay off all of our college debt (student loans and credit cards) in three years. We worked hard, bought used furniture at consignment stores as well as a second-hand fridge. It seems like twentysomethings are graduating with more debt and then pile it on with expensive TVs, Pottery Barn furniture and new cars. Then you add on the crazy price of housing. How are they going to get ahead?
But then these same things are true for other generations. My parents went bankrupt in their late 40s because they were stupid with money.
