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The chart showing bankruptcies changes per age group make it seem like its the same generation constantly filing for bankruptcy.

Young people can't default on a mortgage if they can't afford to save enough for a deposit on a house in the first place.

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And it wasn't until 2005 that student loans were made permanently non-dischargeable, rather than the previous first five years. Of course bankruptcies went down, what's the point?

You must have missed the 2000s when mortgages didn't have down payments.

Or you just overestimate how many kids who were dumb enough to get an ARM wanted to settle down and buy a house. More likely, the numbers are misleading in some way.

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