Young Australians under 25 face rising debt and loan default risks, reflecting the cost-of-living crisis.
Young Australians face rising debt and loan default risks, particularly those under 25, according to credit bureau Illion analysis. Despite the risk of default decreasing for those over 30, it has increased for younger generations, reflecting the ongoing cost-of-living crisis. This crisis should concern all Australians, as the debt burden on younger generations has significant long-term implications.
June 22, 2024
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