Easy credit and living beyond their means straining young adults financially


PETALING JAYA: A live-in-the-moment mentality paired with the convenience of easy credit and buy-now-pay-later schemes is one of the factors fuelling a rise in debt among young people under 30, say financial experts.

Their comments follow the release of the latest report from the Credit Counselling and Debt Management Agency (AKPK), which revealed that 53,000 young people are buried under RM1.9bil of debt.

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