A nonprofit’s latest data shows Americans are leaning harder on credit and Gen Z clients are seeking help at a record pace.
Americans are borrowing more, paying less off, and increasingly showing up at the door of nonprofit credit counselors for help.
Money Management International (MMI), a Stafford, Texas-based nonprofit credit counseling agency, says that it is now managing more than $1 billion in client debt through September 2026 – the highest volume since 2013.
Enrollment in its debt management plans surpassed 2,500 new…