‘I don’t want to miss out’: Why India’s youth are choosing debt over savings
- MUMBAI: Until quite recently, Vaishakh Sudhakaran was burdened with debts.
- Without any savings to fall back on after the company he was working for shut down, he was “stuck” when he could not find another job.
- With rent and bills to pay and his family to take care of, he found himself drawn to advertisements on social media from loan apps offering speed and simplicity.
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- MUMBAI: Until quite recently, Vaishakh Sudhakaran was burdened with debts.
- Without any savings to fall back on after the company he was working for shut down, he was “stuck” when he could not find another job.
- With rent and bills to pay and his family to take care of, he found himself drawn to advertisements on social media from loan apps offering speed and simplicity.
Sources: CNA