Category: Analysis and Opinions

Trying to escape a debt trap

How to escape the debt trap?

Due to the easy availability of money in the current age, several millennials tend to take rely on credit to fund their lavish lifestyle. Very soon the debt spirals out of control and they are left facing a mountain to climb to become financially independent. At that time they ponder hard on how to escape the debt trap. Just like quicksand, one can be very quickly sucked into a debt trap if the debts are not monitored judiciously.