Introduction: taking a bite out of the big avocado of life -- The young and the workless -- Not our parents' job market -- Human-capital punishment -- Millennius domesticus -- The Saturday-morning bank heist -- Their present, our future -- Millennials in charge -- Epilogue: hiding in plain sight

We analyze debt and debt management of Americans nearing retirement age. We show that older people have numerous financial obligations that can lead to financial distress. Using data from the 2015 National Financial Capability Study and an extensive literature review, we show that lack of...