Bankruptcies Surge Among Gen X and Millennials in Struggle to Repay Debt

Bankruptcies Surge Among Gen X and Millennials Millennials Struggle To Repay Debt As Rates, Balances Spike Jan 25, 2024 at 2:46 PM EST By Alexander Fabino Reporter, Economy & Finance An uptick in bankruptcy assistance among Generation X and Millennials signals a burgeoning debt crisis, overshadowing recent economic optimism, legal experts told Newsweek. In contrast to recently issued positive economic data showing a 29 percent surge in consumer confidence since November, LegalShield’s December Consumer Stress Legal Index (CSLI) documents a relentless rise in financial duress, reaching a three-year peak as consumers seek legal help for bankruptcy and other legal assistance. The data,…