STAFFORD, Texas, April 22, 2025 (GLOBE NEWSWIRE) — Money Management International (MMI), a leading nonprofit organization dedicated to helping Americans overcome financial challenges, reports a significant uptick in millennials seeking credit counseling services. This trend emerges as escalating tariff disputes threaten to exacerbate inflation and further strain household finances.
“The increasing number of young adults reaching out for financial counseling and debt management assistance is a clear indicator of the mounting economic pressures they face,” said Thomas Nitzsche, Vice President of Public Relations. “With the potential for rising prices due to ongoing tariff battles, it’s imperative that consumers take proactive steps to manage their debt and safeguard their financial futures.”
Key Findings
Notable Month-over-Month Growth in March 2025:
- Overall counseling volume increased by 9% across all age groups.
- Clients aged 21-30 experienced a 19% surge.
- Clients aged 31-40 saw a 17% lift.
Q1 2025 Year-over-Year Comparison:
- Clients aged 21-30 exhibited a 14% increase in counseling volume at MMI.
- Clients aged 41-50 are carrying the highest level of unsecured debt, averaging $36,348, …