STAFFORD, Texas, Jan. 17, 2025 (GLOBE NEWSWIRE) — Money Management International (MMI), a leader in nonprofit financial counseling and education, announced a dramatic 35% increase in new clients seeking financial counseling in 2024.
This surge reflects growing financial hardships nationwide, with record-high unsecured debt, surging delinquency rates, and soaring living costs placing unprecedented pressure on households—especially younger generations.
Key Findings from 2024
1. Young Adults Drive Client Growth:
The 21-30 age group experienced the most significant growth, with a 48% year-over-year (YoY) increase in new clients at MMI. Although they carry lower unsecured debt, their debt is increasing at a faster rate than…
