What ends up happening is that, at an individual level, as a cohort of people pass away, debt is already being repudiated.

Legally, repudiated just means passed on to the generation below. Debt doesn't just go away.

This will further capture people already in other debt.

A great weight is going to be put on the millennials and later generations, and it is clear that a lot of people are preparing.

The pieces are in motion and, for many people, this is going exactly according to plan. Because it always has.