A recent Reuters report from Washington indicates that young adults in the U.S. are suffering as a result of credit card debt.

"They are entering their adult lives saddled with debilitating debt and a changing economy that offers fewer stable, good-paying jobs, especially for young people without a college education," said an Ovisory study, which Reuters quoted in the article.

The article further indicated that the reason younger adults are feeling the effects of increased energy and food prices more so than older adults, is that that particular age group is newer to the workforce. They are therefore more likely to be in debt due to more frequent use of credit cards, the report showed.

According to the Ovisory study results, adults between the ages of 19 and 35 years old feel that they do not make enough money in relation to the rising cost of living. A further 43 per cent of those studied said that gas prices were hitting them hardest.