(TNND) — More Americans sought help with their mounting debt last year, according to one of the country’s largest nonprofit credit counseling agencies.
Money Management International saw a 35% increase in new clients seeking financial counseling, according to just-released 2024 figures.
And the growing need for financial counseling was driven by young adults.
MMI saw 48% annual growth in clients in their 20s.
Millennials accounted for 43% of all clients seeking counseling, making them the largest generational group. They were followed by Gen X at 30%.
MMI financial educator Thomas Nitzsche said they saw “a really significant jump” in new clients last year, regardless of age.
It’s not just that more people reached out for help, but…
