Debt Stressed Gen Y is the new Poor
Sunday, 12 October 2008
Instant gratification through over use of the handy plastic could be a luxury of the past for Generation Y as they struggle to get into the housing market because they are laden with debt. Despite recent interest rate cuts Gen Y are focussed on paying off debts, particularly credit cards with many moving home to help them get ahead. Are they the new ‘middle-class poor’?
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