Article 5CA32 Young people drowning in debt: 'Don't borrow your way out of a recession'

Young people drowning in debt: 'Don't borrow your way out of a recession'

by
Royce Kurmelovs
from World news | The Guardian on (#5CA32)

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.

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