Gen Z will pay dearly for this U.S. blunder on the massive debt that boomers, Gen X, and millennials are dumping on them, former White House economist warns

Key Facts

• U.S. debt is soaring to record levels, and the Treasury Department squandered an opportunity to help ease the burden on Gen Z, a former White House economist warned.
• The U.S. had an opportunity to improve the debt outlook, but passed up on it, Buchholz explained.
• While the U.S. missed its chance to secure cheap debt, at least 14 countries as well as dozens of corporations and universities issued super-long bonds, Buchholz pointed out.
• But he added there may be other opportunities in the future and suggested the Treasury Department should unleash a flood of super-long bonds whenever inflation-adjusted yields drop below the historical average of about 1.55%.

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