Easy credit, hard times: fold rise in young people going bankrupt - young adults bankrupt

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Top 5 Reasons Why People go Bankrupt young adults bankrupt


The bankruptcy statistics in America are alarming; the past few decades have seen a rise in the number of people who are unable to pay their.

The number of young people going bankrupt has increased fold in three years as rising self-employment and the "temptation" of easily-obtainable credit cards have pushed Generation Z into debt.​ Unders now make up pc of all personal insolvencies, up from 1pc three years ago.

It's hard to escape that conclusion after reading several recent reports about a spike in young people declaring bankruptcy. Nearly people.

They can be married or single, young or old, In no order of importance, let's look at the top six reasons people file bankruptcy and what you.

Are you ever in trouble with money? Ever have the feeling you can't get out of it? Well, you're not alone. Young people born between and