According to PRNewswire/SaveUp.com, we Gen X and Y folk are burdened with a great deal of debt.

But, according to the study, Gen X's debt is significantly more attractive than Gen Y's. My generation's debt is considered, more often than not, to be "good" debt (as in asset building debt). Gen Y is not enjoying that same labeling. Their debt is considered to be mostly "bad", non-asset building debt.

Either way, we all spend way too much beyond our means and it's getting worse. Perhaps if our government set a better example for it's citizens, we might be better off?