"People living without heating because they cannot afford to pay the bills, people not leaving their homes because they cannot afford transport, people whose homes are becoming unsafe to live in because they cannot afford basic repairs, " she said.

BBC: Wales

Borrowers find themselves chained to low-paying jobs that offer little in the way of advancement, because they cannot afford to wait till the right job comes along for fear of running of usurious penalty charges if they cannot afford to pay their bills for several months.

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Their credit-card debt has declined, most likely because many millennials cannot get a credit card, and in part because they know they cannot afford to spend now and pay back later.

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