Millennials and Mounting Debt: A Financial Crisis Unfolding
ORBITINDONESIA.COM – When financial emergencies strike, millennials are increasingly turning to credit counseling to escape the clutches of mounting debt.
Financial instability is a growing concern as unexpected expenses, like medical bills and car repairs, push consumers towards credit cards. Millennials, burdened by student loans and rising living costs, find themselves trapped in a cycle of debt.
According to Money Management International (MMI), 43% of their new clients are millennials, with credit card debt being a primary issue for 47%. This demographic faces unique challenges, balancing debt repayment with everyday expenses.
The reliance on credit cards as a financial safety net can quickly spiral into unmanageable debt. Experts like Thomas Nitzche from MMI emphasize the importance of proactive debt management to avoid long-term financial distress.
As millennials navigate financial challenges, seeking guidance from credit counseling services offers a pathway to stability. The question remains: how will this generation redefine financial resilience in the face of uncertainty?
(Orbit dari berbagai sumber, 3 September 2025)
