I think you might be interested to learn how severely leveraged Norwegian millenials are, and how much their economy depends on oil. Norway is economically a one-trick petroleum economy, and has more in common with Saudi Arabia than with the United States.

http://www.bloomberg.com/news/articles/2015-02-16/scandinavi...

http://country-facts.findthedata.com/compare/15-179/Saudi-Ar...