FOMO debt on the rise: Nearly 50% of millennials overspend to keep up with friends

More millennials are going into debt to keep up with their peers. A new Credit Karma/Qualtrics study of 1,041 U.S. consumers shows nearly half (48%) of millennials have spent money they didn’t have and gone into debt to keep up with their friends — up from 39% of respondents surveyed in 2018. Whether it’s on … Continue reading FOMO debt on the rise: Nearly 50% of millennials overspend to keep up with friends