Has debt become an inevitable part of life? Higher earners were more likely to be in debt, with 50 per cent carrying £60,000 to £100,000 in debt, as well being most likely to fall behind or miss a debt payment. Men also found themselves in more debt than women, at 46 per cent compared to 41 per cent. Buy now pay later surgeMeanwhile, gen Z, are perhaps the first generation to be subjected to the influence of social media normalising debt. The risk of carrying debt into later lifeDespite many young people shrugging off debt concerns, advisers warn carrying it into later life will impact financial security.