Contactless and online payments are leading young people into debt , according to researchers from The Claude Littner Business School at the University of West London . One in five adults under 45 in London are finding it difficult to pay off debts because of easy transaction costs and 64 % blame digital payments for their overspending . Almost two-thirds (64 per cent) also blamed digital payments on overspending. Meanwhile , 19 % said they 'd run up unauthorised overdrafts and 33 % have had their payment card stolen . Data represents another significant issue for them ; 33 % claim to be worried about data security and 19 % said they 'd had money stolen .
Contactless and online payments are leading young people into debt , according to researchers from The Claude Littner Business School at the University of West London . One in five adults under 45 in London are finding it difficult to pay off debts because of easy transaction costs and 64 % blame digital payments for their overspending . Meanwhile , 19 % said they 'd run up unauthorised overdrafts and 33 % have had their payment card stolen . Data represents another significant issue for them ; 33 % claim to be worried about data security and 19 % said they 'd had money stolen .