Personally I think it is because people have no clue how to handle money.

This is right...... Most of us really need to have financial education so that we can stop doing blunders when it comes to the issue of money

This generation spends before it gets, credit cards, loans, apps etc make it easy for them to borrow, but without a proper plan and discipline way of living its impossible to clear debt especially for habitual borrowers.

Somehow my generation have to be taught else it will get out of hand 😩