1 in 10 U.K. Gen Zers now owes more than $12,500 in credit card and buy now, pay later debt—and ‘finfluencers' may be to blame [Yahoo! Finance]
TransUnion (TRU)
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Source: Yahoo! Finance
Now, the increasingly lost generation can add mounting debts to its list of woes. A survey by the personal debt advisory group Lowell found that the average Gen Zer was sitting under £5,069 ($6,413) of debt. Worse still, the research found that 13% of Gen Zers surveyed were more than £10,000 ($12,660) in the red. The sources of these debts were overwhelmingly coming from credit cards and buy now, pay later loans, in addition to payday loans. A perfect storm that's wreaking havoc on young consumers' finances appears to have been brewing. Pandemic-era stimulus helped push up inflation and, accordingly, interest rates. That has begun to weigh on customers, particularly younger ones, who bought items on credit in recent years. Meanwhile, Lowell argues that the rise of financial influencers, or “finfluencers,” have also misled social-media-using Gen Zers into reckless purchases. “It's worth considering that with the rise of social media Gen Z have been, and continue to be, ex
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News
- How length of credit history affects your credit score [Yahoo! Finance]Yahoo! Finance
- TransUnion (NYSE: TRU) had its price target raised by analysts at Morgan Stanley from $87.00 to $90.00. They now have an "overweight" rating on the stock.MarketBeat
- TransUnion (NYSE: TRU) had its price target raised by analysts at Stifel Nicolaus from $83.00 to $92.00. They now have a "buy" rating on the stock.MarketBeat
- Zenoo ensuring refugee charity stays safe [Yahoo! Finance]Yahoo! Finance
- TransUnion (NYSE: TRU) had its price target raised by analysts at Robert W. Baird from $87.00 to $94.00. They now have an "outperform" rating on the stock.MarketBeat
TRU
Earnings
- 4/25/24 - Beat
TRU
Sec Filings
- 4/25/24 - Form 10-Q
- 4/25/24 - Form 8-K
- 4/23/24 - Form 8-K
- TRU's page on the SEC website