Earlier this year, dozens of cash-squeezed oil producers announced billions of dollars of planned asset sales. Problem is, nobody was interested. Now, seemingly everyone is.
According to Merrill Lynch's 2016 Workplace Benefits Report, only 24% of millennials surveyed say they are in control of their finances and 40% report an unmanageable amount of debt.
The latest study from Merrill Lynch appears to support what Democrats have been saying...millennials are cracking under the weight of too much student debt.
Who needs the Fed? Interest rates are already rising, and Bank of America is reaping a windfall.