YOUNG people are being advised to 'stop buying things [they] don't need'.
Citizens Advice have recently released advice for Millennials who are currently struggling financially in a post-pandemic economy.
The company say now more than ever, with a tricky job market and student loan debt, young people are starting to use loan sharks and borrowing more than they could ever pay back.
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Teresa Archer chief officer at Citizens Advice West Oxfordshire, said:“The coronavirus pandemic has had a huge impact on lots of young people’s finances, with many falling behind on essential bills and getting into debt.
"We have seen more young people with debt problems than ever before. In 2020, Citizens Advice across Oxfordshire helped almost 4,000 people age 15 to 29 with one-to-one with debt problems.
"If you are struggling with managing your finances, please get in touch as soon as you can and we’ll help you find a way forward."
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For more information visit www.citzensadvice.org.uk
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