There are various forms of debt that millennials may encounter throughout their lives. Credit card debt is one of the most common types, often accruing high-interest rates that can make repayment challenging. Student loans are another significant burden for many in this generation, as they often leave graduates with substantial financial
obligations before they even enter the workforce. Additionally, personal loans, mortgages, and auto loans are prevalent forms of debt that can aid in achieving immediate goals but may also create ongoing financial stress if not handled with care.