Millennials owed an average of $47,283 in unsecured debt last year, largely driven by student debt loads
Close up of man hands holding and empty wallet. financial crisis, bankruptcy, no money, bad economy Concept.
“The average insolvent millennial is just 33 years old, yet they are 1.7 times more likely than baby boomers and 1.4 times as likely as generation X to file insolvency, relative to the population,” said licensed insolvency trustee Ted Michalos in a press release. “We’ve noticed an overall trend since 2016 that the average insolvent borrower continues to get younger, with student loan debt and extremely high-cost loans being the main drivers of their insolvency.”.
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Nearly half of all insolvencies last year were filed by millennials: Study - BNN BloombergAround half of all insolvencies filed in 2022 were by millennials, despite only accounting for less than 27 per cent of the Canadian population aged 18 and older, according to a new study.
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The Daily Chase: Millennials grapple with insolvencies; Markets point to flat open - BNN BloombergU.S. futures are flat to start the week as investors are in wait and see mode ahead of fresh economic data south of the border this week that is expected to provide some near-term direction for the markets.
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Violence outside British hotel for asylum seekers leads to 15 arrestsBritish police said on Saturday 15 people had been arrested after a protest by crowds outside a hotel housing asylum seekers turned violent
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Violence outside British hotel for asylum seekers leads to 15 arrestsBritish police said on Saturday 15 people, including a 13-year-old child, had been arrested after a protest by crowds outside a hotel housing asylum seekers turned violent, causing injuries and a police van being set on fire.
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Violence outside British hotel for asylum seekers leads to 15 arrestsBritish police said on Saturday 15 people had been arrested after a protest by crowds outside a hotel housing asylum seekers turned violent
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Violence outside British hotel for asylum seekers leads to 15 arrestsBritish police said on Saturday 15 people had been arrested after a protest by crowds outside a hotel housing asylum seekers turned violent
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