Gen Z Debt Crisis and Digital Solutions | Indianapolis News

Gen Z is drowning in debt—up 35% in a year—with an average of $22,000 in unsecured credit card and personal loan debt. Without savings or assets, young adults are turning to credit to survive unexpected costs like job loss or medical bills. One 22-year-old racked up $9,000 in credit card debt after using cards for daily expenses and school supplies, learning the hard way that interest rates turn minimum payments into a losing battle. But there’s hope: AI tools like ChatGPT are driving more young people to debt counseling sites, signaling a shift toward seeking help—even through digital channels. This surge highlights the urgent need for early financial literacy and responsible credit habits. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/bc84873699c7975f