Banks are banking that we’ll pay off most of our mortgages in our 20s and 30s, and that’s why they’ve been pushing the idea that we need to take on some debt when we retire.
They’re pushing it because we’re going to be young and they want to make sure they’re getting paid back for their investment.
It’s also a way for banks to say we’re not doing this by ourselves, we can’t get a job with these people.
That’s what the millennials are really looking for.
We need a job to be able to retire.