How To Dig Out of Holiday Debt

The pandemic has been a harsh reminder of how fleeting financial security can be, especially for younger generations.

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In this post, we’ll look at how the pandemic has shaken things up for both Millennials and Gen Z.

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The Pandemic Drives Credit Card Debt

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Millennials reported that 64.5% of their household lost all or some income, whereas Gen Z reported that 81% had lost income.

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This will definitely have a lasting impact on the lives of younger Americans, especially Gen Z. If people are temporarily stopping their credit card payments, they are definitely not saving for emergencies.

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So, they will more than likely have to also delay retirement as a result of the lasting effects of the pandemic.

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Need Help Digging Out

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Swipe Up To Read More

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