As recent studies reveal, Generation X holds the highest amount of credit card debt among all generations, with a staggering total of $189.2 billion. With financial responsibilities increasing and the economy in constant flux, many Gen X’ers feel the overwhelming burden of managing their debt. The mounting stress caused by this situation not only affects their financial stability but also takes a toll on their emotional well-being.
For many, the emotional pain of being in debt can be all-consuming. Struggling to make ends meet, receiving constant calls from creditors, and feeling trapped in an endless cycle of debt can lead to feelings of hopelessness and despair. However, it’s essential to remember that there is help available for those who seek it.