The folks at Utne Reader tie the crisis of our elder’s debts all together for you in an article describing “intergenerational” mortgages, known as “the debt that never dies,” where the children take over the family home’s mortgage after the death of their parents. From the United Kingdom to the United States, it all sounds like a financial zombie film for modern times, especially coupled with all the modern day worries of a watery melting planet.
Debt that never dies. Are you scared? I’m petrified.
Jay Griffiths conjures up visions of debts of the dead drowning the lives of young persons in crushing, never ending pressure from the previous generation’s folly. He offers some really unique solutions for relief from surprising places. Read the story: Drowning in Debt: Intergenerational Mortgage, Student Loans and the Effects of Climate Change – Mind & Body – Utne Reader.