MMI financial educator Thomas Nitzsche said they saw "a really significant jump" in new clients last year.
Gen X and baby boomers carried the highest unsecured debt, averaging about $36,000 and $32,000, respectively.
In 2024, 47% of millennial clients reported facing financial hardships due to excessive credit card use, higher than older generations.
A customized collection of grant news from foundations and the federal government from around the Web.
The Central Bank of Nigeria (CBN) released the Nigerian Sustainable Banking Principles, an agreement signed by 34 banks, including the original eight of the nation’s leading banks, that covered nine key areas: environmental and social risk management, environmental and social footprint, human rights, women’s economic empowerment, financial inclusion, environmental and social governance, capacity building, collaborative partnerships and reporting.