Millennials across the U.K. are facing “negative wealth,” where debts exceed assets. About a third of 25-34-year-olds in Great Britian have negative wealth, with average net debts rising 25% since 2010 to over £8K. The money problems come from many different sources including skyrocketing rents, massive student loans, and the cost-of-living crisis. YPulse data has shown 79% of 18-39-year-olds say inflation is impacting their spending. Gen Z and Millennials are also seeking help at twice their population rate, meaning while only 17% of the U.K. population is between 25-34, they made up a third of all people who turned to the debt charity StepChange for support last year. (The Guardian)
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