It’s Halloween, and we’re going to talk about something really scary: debt. YPulse’s Personal Finance and Services report shows 58% of young people have negative feelings when they think about money, and only 56% consider themselves financially stable. When we ask what it means to be financially stable, 44% say it’s understanding and maintaining my debt / bills, but another 43% say it’s not having any debt. For many of them, debt is a top financial worry right now, and as the cost-of-living crisis continues and education prices continue to soar with each passing year, it continues to bar them from feeling financially stable. It’s no secret now that young people have been presented with tough economic circumstances: tons of Millennials graduated from college during the Great Recession, and most of Gen Z doesn’t remember a time before then. Now, they’ve all lived through the pandemic recession, and are feeling the stress of another potentially on the horizon. In fact, 84% of young people tell YPulse they think we...
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