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| Name | Young people living a lavish lifestyle on credit card debt | 60 Minutes Australia |
| Video Uploader | Video From 60 Minutes Australia |
| Upload Date | This Video Uploaded At 23-03-2023 13:15:02 |
| Video Discription | Subscribe here: http://9Soci.al/chmP50wA97J Full Episodes: https://9now.app.link/uNP4qBkmN6 | Generation Debt (2008) Back in 2008, the global economy was in meltdown and the financial markets were in chaos. Basically, greed, dodgy loans and bad debt were to blame. So you'd think people were a bit cautious with their credit cards. Some may be, but not the kids they call Generation Y. They're young, reckless, and they've racked up an astonishing $60 billion of debt. New cars, new clothes, new toys, no problem. Just whack it on the card. These kids had never known tough economic times, so they think they were invincible but they're in for the shock of their lives. WATCH more of 60 Minutes Australia: https://www.60minutes.com.au LIKE 60 Minutes Australia on Facebook: https://www.facebook.com/60Minutes9 FOLLOW 60 Minutes Australia on Twitter: https://twitter.com/60Mins FOLLOW 60 Minutes Australia on Instagram: https://www.instagram.com/60minutes9 For over forty years, 60 Minutes have been telling Australians the world’s greatest stories. Tales that changed history, our nation and our lives. Reporters Liz Hayes, Tom Steinfort, Tara Brown, Nick McKenzie and Amelia Adams look past the headlines because there is always a bigger picture. Sundays are for 60 Minutes. #60MinutesAustralia V1Xld0Bl-aw |
| Category | News & Politics |
| Tags | 60 Minutes | 60 Minutes Australia | Liz Hayes | Tara Brown | Tom Steinfort | 60Mins | #60Mins | Amelia Adams | GFC | GLOBAL FINANCIAL CRISIS | DEBT | CREDIT CARD | CREDIT DEBT | EXPENSIVE LIFESTYLE | SPENDING BEYOND YOUR MEANS | RACKING UP DEBT | BANKRUPT | BANKRUPTCY | LOAN | PERSONAL LOAN | INTEREST RATES | ECONOMY | FINANCE |
