“I Splurge What’s Left”: Why India’s Youth Are Choosing Debt Over Savings | Insight

By CNA Insider

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The greatest number of loans taken by young Indians is not for education or business. It is for travelling. India’s young consumers are driving a credit boom—fuelled by easy loans, buy-now-pay-later schemes, and a surge in credit card adoption. As the largest group of new borrowers, they are financing lifestyles on future income, even as default rates quietly rise. Insight explores how aspiration, social pressure, and digital finance collide, leading to a generation in debt. The mounting financial burden has both a personal toll, as well as broader risks to India’s financial system. WATCH MORE Insight: https://www.youtube.com/playlist?list=PLkMf14VQEvTYAVU8dsviDcQ4WbQ6D66T6 00:00 Introduction 01:26 Young Indians take loans to live large 06:15 The reality of living with debt 09:29 Why Gen Zs view money differently 14:22 FOMO, social media and spending 17:10 Rising costs, stagnant wages 18:47 The education loan burden 21:15 How easy credit encourages borrowing 30:37 What happens wh