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View profile for Thomas Nitzsche, graphic

Sr. Director of Media & Brand at MMI

Love seeing the alignment with the approach of our Money Management International Peer Advocate Program reflected in this study! "Yet while social stigma was a key factor in keeping consumers stuck in a debt cycle, social support was an important part of the solution." "Community-based debt reduction courses should encourage frequent, supportive, and non-judgmental disclosure of their participants' struggles with debt, emphasizing the commonality in debt experiences shared by participants."

Fear of judgment is keeping consumers indebted, but a new study shows peer groups can help turn that around

Fear of judgment is keeping consumers indebted, but a new study shows peer groups can help turn that around

phys.org

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