Millennials are so sick of debt that they’re paying it off. Boomers, not so much

I think a lot of how they manage debt has to do with their aversion of the financial industry. Millennials spent their young adulthood experiencing firsthand the financial collapse of 2007/2008 and the Great Recession. Much like how after the Great Depression banks are not viewed as a safe place to keep your money - they're reckless evil debt mongers trying to get you high with instant gratification by spending what you don't have. Thus is why they favor cryptocurrencies.

This time around its the federal government, the reckless institution holding the purse strings. Inflation is out of control, the country in debt paying for 20 years of war and a pandemic yet the plan is to spend trillions that we don't have. As well Biden policy - kills the pipeline and then ask OPEC to drill more oil - raised energy cost as well dependency on foreign oil. As such millennials don't trust the federal government either. Millennials didn't want Trump or Biden. Thus is why they favor socialism as they think they will have some say as to what the government is doing.

https://www.cnbc.com/2019/01/16/banks-millennials-trust-jp-morgan-chase-goldman-bank-of-america.html

https://www.forbes.com/sites/danpontefract/2018/06/03/millennials-and-gen-z-have-lost-trust-and-loyalty-with-business/?sh=61ab18cc6145

Maybe. Us Boomers are also the ones who got screwed the most with that GOP financial fiasco called George W. Bush. The medium wealth for american families 10 years after the Great Recession was 34% LESS THAN PREVIOUS GENERATUIONS. The 1% has 30+% of ALL AMERICAN WEALTH. But keep giving them tax breaks there trumpkins.