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Personal Finance News

The Economic Times

Personal Finance / The Economic Times

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30K salary, 40L debt: Gen Z debt trap & 7 red flags

Young Indians, particularly Gen Z, are facing a growing debt crisis. Easy digital loans and lifestyle demands are pushing them into significant debt. Many struggle to repay, leading to harassment and financial ruin. Experts highlight the need for responsible borrowing and financial literacy to navigate these challenges and avoid a widespread crisis.

23 Feb 2026 6:30 am