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Half of All Insolvencies Filed By Millennials

Retrieved on: 
Monday, February 13, 2023

Millennials owed an average of $47,283 in unsecured debt in 2022:

Key Points: 
  • Millennials owed an average of $47,283 in unsecured debt in 2022:
    More than 1 in 3 (35%) Millennials carried student loan debt, owing on average $16,725.
  • More than half (55%) had at least one extremely high-cost loan, with an average balance of $11,940, up 17.4% from 2021.
  • 87% of Millennials owed credit card debt, and average credit card debt increased 1.5% from 2021 to $13,948.
  • In 2022, 53% of all insolvent debtors, not just Millennials, had at least one Rapid Loan, and usage is increasing.

FASHIONGO TO DEBUT OMNICHANNEL B2B TRADE EVENT, FASHIONGO WEEK PALM SPRINGS MAY 3RD-5TH

Retrieved on: 
Tuesday, January 18, 2022

FashionGo Week Palm Springs will combine the creativity, rich experience, and sense of community of in-person fashion markets with the convenience, speed, and efficiency of FashionGo's powerful technology and data driven tools.

Key Points: 
  • FashionGo Week Palm Springs will combine the creativity, rich experience, and sense of community of in-person fashion markets with the convenience, speed, and efficiency of FashionGo's powerful technology and data driven tools.
  • Led by BluEnsign co-foundersTom Nastos and Scott Chowan, FG Events team was created to pave the way on this groundbreaking FashionGo Week in-person events series.
  • FashionGo Week will run online on FashionGo in tandem with FashionGo Week Palm Springs featuring the same digital benefits and promotions.
  • FashionGo is the leading B2B wholesale online marketplace that enables the fashion industry to connect and discover new opportunities.