Oppressive debt levels holding back saving, consumption and organic recovery

A new report shows millennial men are putting more money away than women the same age. Karen Wimbish, Wells Fargo Retail retirement director, and Dan Schawbel, founder of Millennial Branding, discusses how the recession has impacted millennial and their money.  Here is a direct video link.

Unfortunately, so many parents are financially misinformed and under-saved today (aided and abetted by a widely self-serving, reckless, “put head in vice” financial advising business as well as willfully blind Central Bankers and policy makers), that most are unable to counsel or lead their children toward wise financial decisions. The blind and the unscrupulous end up leading the masses into even more outrageous risk and financial peril.

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