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Borrowing money to spend on Valentine's Day is now officially a trend

Updated : February 19, 2020 08:20 AM IST

Americans celebrating the holiday season planned to spend an average of $196, the highest ever, compared to last year’s record of $162.
Online lending startup EarlySalary said that the company disbursed more than Rs 23 crore to young millennials and Gen Z between February 12 and 15, a growth of 46 percent year-on-year.
The average age of the borrower during this period was 27 years and the average amount they borrowed Rs 23,500, up 35 percent over the same period last year.
Borrowing money to spend on Valentine's Day is now officially a trend

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