While the average American household is struggling to keep a grip on their personal finances and debt burdens, the rising cost of living and median household income has been outpacing each other; placing financial strain on millions of people. As of 2021, more than 77% of American households have at least some form of debt to their name, while the average U.S. adult is roughly sitting with $58,604 of debt. But these averages are not the same across the generational spectrum either. Q4 2021 hedge fund letters, conferences and more According to data published by Experian, consumer debt has reach…