Milennials in no hurry to become indebted (NY Times)

[Big in Japan]

http://www.nytimes.com/2016/08/15/business/dealbook/why-millennials-are-in-no-hurry-to-take-on-debt.html

"Data from the Federal Reserve indicates that the percentage of Americans under 35 who hold credit card debt has fallen to its lowest level since 1989, when the Fed began collecting data in a standardized way".

Of course, the Times puts a negative spin on it by focusing on the difficulties that "not building credit" will cause. But they do allow the millenials interviewed to share their perspectives. I liked the ending quote in the article:

“I don’t want to go out and buy, buy, buy, even though that’s what society wants me to do,” Mr. Towner said. “I want to save and invest for the long term.”

[marty998]

Nice to see another positive article about millennials...

Maybe a new measure of credit worthiness needs to be implemented.... taking out debt solely in order to "build credit" sounds like a ridiculous thing to do.