mo4ch:>1 in 5 US millennials expects to die without paying off debts… and their parents are broke, too | Mo4ch News

A fifth of all American millennials, people aged 18 to 37, expect to die before their debts are paid off – and older generations are even more pessimistic about their ability to pay off their creditors, according to a new report.It isn’t just millennials – more than a quarter of their parents’ generations also believe they’ll never pay off their debts, according to a creditcards.com poll. This is true of both the stereotypically cynical “Generation X” – now aged 38 to 53 – and the more idealistic “baby boomers,” aged 54 to 72.The elderly aren’t spared: more than a third of Americans over age 73 believe they, too, will die in debt. More than 80 percent aren’t sure when or if they’ll be able to pay down their debts, a larger share than any other age group. It’s a gloomy picture of the financial future coming from the country that trumpets its status as the number one global economy, but these numbers actually represent an improvement over last year’s stats.Mortgages are the most common …