Tennessee Is Covered End-to-End with Millennial Debt

Tennessee Is Covered End-to-End with Millennial Debt by Rory for The Daily Coin

Below are two very different and very interesting maps from Yahoo. Normally, I would avoid a mainstream service like Yahoo, but these maps sure have my attention. Of all the states, and the top 100 cities in the country, Tennessee has 4 of the top 20 cities choked with millennial debt. Each of the top cities in Tennessee is going nowhere for the next decade if this situation doesn’t get corrected.

Remember, this is not like another group having debt, these are the people coming of age. These are the people that are suppose to be starting families, buying homes and creating businesses. This appears to be the beginning of the great divide – the “haves and the have-nots” with the middle class being completely eviscerated. With the volume of student debt floating around it is no wonder this is happening. We just question why there aren’t more states that look like Tennessee. With $1.5 to $1.7 TRILLION in student loan debt there is more than enough to go around. Student loan debt leads directly to more credit card debt. It appears all the cities below are not actually participating in the “greatest economy in the history of America”. No, it appears they are moving headlong into some form of economic hell.

Millennial debt keeps growing, particularly along the East Coast. (Graphic: David Foster/Yahoo Finance)

There is one bright spot in the story. For those living in Sparta, Tn. they have some the least amount of student loan debt in the country. Maybe this group could help out some of their brothers and sisters in the other cities around Tennessee!

It appears the University of Georgia and University of Florida are really, really expensive schools based on the number of communities being crushed by student loan debt. I guess the Dawgs and Gators are going to have a little something different to argue about in the near future – who gets out of their parents house quicker! WOW!

As of May 2019, cities in the South are being held back by student debt. (Graphic: David Foster/Yahoo Finance)

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The Daily Coin

Rory Hall, The Daily Coin and Gospel News Network. Beginning in 1987 Rory has written over 1,400 articles and produced more than 500 videos on topics ranging from the precious metals market, economic and monetary policies, preparedness as well as geopolitical events. His articles have been published by Zerohedge, SHTFPlan, Sprott Money, GoldSilver, Gold Seek, SGTReport, and a great many more. Rory was a producer and daily contributor at SGTReport between 2012 and 2014. He has interviewed experts such as Dr. Paul Craig Roberts, Dr. Marc Faber, Eric Sprott, Dr. Warren Coates and Peter Schiff, to name but a few. Don't forget to visit The Daily Coin and Gospel News Network to enjoy some of the best economic, precious metals, geopolitical and preparedness news from around the world.