Well with Greenspan and his ilk continuing to supress and drive wages down via mass weaponized immigration, H-1B, it’s no wonder Millenials cannot save $.
Unlimited cheap labor and wage-fixing at the Federal level is the prime cause of America’s economic ills.
Banks have to keep people in debt to survive. The Fed is not about to allow wages to rise, and people to buy homes with cash or pay off debt.
That would put the banks out of the LOAN BUSINESS.