CLEVELAND, Ohio (WOIO) -Organizations that help people dig out of debt say nearly half of the clients they’re helping now are millennials, who have double the budget deficits they used to face, and are using credit cards to make up the difference.
People like Gene Florian knew he needed to seek help.
He said he lived for the moment, spending freely and care free using multiple credit cards.
“The minimum payments will come and I’m like, ‘Oh I can afford these, you know, tacking on another few hundred here a few hundred here,‘” he said.
Florian saw those minimum payments started to climb twenty and thirty percent.
“I had a good job so I was able to keep on getting credit cards for a while there so it was going good,” he said.
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