A quarter of all bankrupts declared in the last four years were millennials, age 25 to 34. Even more disturbing, over one thousand of an total 90 thousands bankruptcies in the same period involved young people under 25 years of age. Today we ask why this a cause for concern and what can be done about it?

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Tags:  Department of Insolvency,  iMoney,  personal finance,  loans,  cars,  entertainment expenses,  inflation,  cost of living,  milennials,  bankruptcy,  financial woes,  food expenses,  personal loan