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Summary: This article is an interview with Bob Winnington, CEO of the Money Advice Liaison Group, discussing the organization's recent conference on the new demographics of debt. The conference aimed to explore how different generations approach debt and money management, with speakers addressing topics such as behavioral science and the challenges of the cost of living crisis. The article also touches on the need for greater financial education and support for younger generations to prevent debt problems.
Key Points:
The Money Advice Liaison Group recently held a conference on the new demographics of debt
Speakers at the conference discussed behavioral science and how different generations approach money management
The younger generation shows less appetite for using credit cards due to concerns about running into debt
Buy now pay later options are becoming popular and accessible, potentially leading to debt problems
There is a ne...
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