Business
Young people drowning in debt: ‘Don’t borrow your way out of a recession’ – The Guardian
It’s getting harder for young people to establish themselves as independent adults. Irresponsible lending practices will threaten that even more
Everything has been going right for Tash Drujinin of late.
A few months ago the 29-year-old landed a stable job in the financial services sector. When many thousands were being laid off with the pandemic, she was made permanent and the security meant she could finally pay off the $20,000 she owed in credit card bills and personal loans.
It had been a long time coming. As the country celebrated nearly three straight decades of economic prosperity, Drujinin had fallen into debt in her early 20s to…
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