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Debt Awareness Week – March 25-31

Debt Awareness Week – March 25-31

Amid a cost of living crisis, with escalating prices for basic necessities, it’s evident that many households across the US will face financial challenges in 2024. Yet, our research indicates that many don’t seek assistance due to a lack of understanding about debt awareness week and its potential benefits.

“Debt, often perceived as a private struggle, can cause significant stress and embarrassment. However, acknowledging and addressing this issue is crucial for financial well-being,” says Darren Nomberg, Senior Vice President, Investments at David Lerner Associates, Inc.

“Debt Awareness Week is dedicated to breaking down the stigma surrounding debt, encouraging open conversations, and offering support,” Nomberg adds.

When is Debt Awareness Week 2024?

Debt Awareness Week 2024 will run from March 25 to 31, providing a focused time for individuals and organizations to engage in activities that promote understanding and management of debt. This week-long event is a golden opportunity for everyone, especially those in the workforce, to learn more about managing debt effectively and without judgment.

History of Debt Awareness Week

Debt Awareness Week was initiated in 2014 by the debt advice charity StepChange to counter the widespread stigma associated with debt and to provide a platform for education and support.

Over the years, it has grown into a movement that emphasizes the importance of understanding debt and offers resources and guidance for those in need.

Its history is a testament to the ongoing effort to normalize conversations about debt and financial challenges.

Who Gets Involved in Debt Awareness Week?

Everyone can and should get involved in Debt Awareness Week.

This includes individuals, families, employers, financial advisors, and community organizations. The goal is to form a supportive network where open discussions about debt are encouraged and practical solutions are shared.

If you or someone you know is facing challenges with debt, remember it’s courageous to seek assistance. You’re not isolated in this experience; numerous organizations nationwide are ready to support you.

At David Lerner Associates, we recognize how daunting and confusing debt can be. We are committed to not only offering debt advice but also equipping our clients with practical skills and knowledge. This comprehensive approach is a vital aspect of the support we provide.

Debt Awareness Week Participation Ideas

Debt Awareness Week is a crucial time to focus on financial health and literacy.

Here are some ways to actively participate and make the most of this week:

      1. Host Financial Education Workshops: Employers can organize educational sessions on critical topics like debt management, budgeting techniques, and long-term financial planning. These workshops can be invaluable in equipping employees with the tools and knowledge needed to handle their finances more effectively. Bringing in financial experts or advisors to lead these workshops can provide professional insights and practical tips.
      2. Promote Open Conversations: Foster a workplace culture where discussing financial issues, especially debt, is normalized and free from stigma. Encourage employees to share their personal experiences, challenges, and success stories. This open dialogue can foster a learning environment and help demystify various aspects of financial management.
      3. Provide Resources: Share a variety of resources related to financial well-being. This could include information about available employee benefits related to financial counseling, links to reputable debt counseling services, and recommendations for effective budgeting tools and apps. Providing a list of helpful books, websites, and seminars can also empower employees to take charge of their financial health.
      4. Personal Financial Check-Ups: Urge employees to conduct a personal financial assessment. This can involve reviewing their debts, expenses, and savings, and setting short-term and long-term financial goals. Understanding one’s current financial status is crucial for effective debt management and planning future financial steps.
      5. Support Networks: Establish or strengthen support groups within the organization where employees can discuss financial challenges in a safe and supportive environment. These groups can offer peer-to-peer advice, share resources, and provide moral support. Creating an online forum or regular meetups can help maintain the continuity of these support networks.
      6.  Join the discussion on social media platforms by using the hashtag #DebtAwarenessWeek. Engaging on these platforms is essential for raising awareness online and playing a part in eliminating the stigma associated with debt.

By incorporating these ideas, Debt Awareness Week can become a powerful initiative in your workplace, contributing significantly to the financial wellness of employees and creating a more financially literate community.


Debt Awareness Week is more than just a date on the calendar; it’s a commitment to change the way we view and deal with debt. It’s about creating a supportive environment where no one feels ashamed or embarrassed to talk about their financial challenges.

At David Lerner Associates, we believe in the power of education and empathy in overcoming financial hurdles. We encourage everyone to participate in Debt Awareness Week to learn, share, and support each other in achieving financial well-being.

Remember, tackling debt is not just an individual journey; it’s a collective effort where understanding, support, and guidance can make all the difference.

Material contained in this article is provided for information purposes only and is not intended to be used in connection with the evaluation of any investments offered by David Lerner Associates, Inc. These materials are provided for general information and educational purposes based upon publicly available information from sources believed to be reliable– we cannot assure the accuracy or completeness of these materials. The information in these materials may change at any time and without notice.

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