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Average Credit Card Debt up for Gen Z, Millennials and Gen X. Despite a brief spending decline during the pandemic, Generation X's average credit card balance has grown by close to 50% since 2012 ...
Average credit card debt by age group. According to the most recent Experian analysis, Generation X carries the largest credit card balances of all five generations. While each generation saw its ...
The average American with credit card debt owed $7,932 on their credit cards in 2023, ... But there’s an explanation for why this particular age group is racking up more credit card debt.
Credit card debt is said [clarification needed] to be higher in industrialized countries. [10] The average U.S. college graduate begins his or her post-college days with more than $2,000 in credit card debt. [11] The median credit card debt in the U.S. is $3,000 and number of cards held is two. [12]
Total average debt: $125,047. Mortgage debt: $299,689. Automobile debt: $24,207. Credit card debt: $6,521. Personal loan debt: $16,669. “One key takeaway is that the total debt of the younger ...
Key takeaways from this report. 44% of credit cardholders say they carry card balances from month to month, according to Bankrate’s Chasing Rewards in Debt Survey. 36% of U.S. adults have more ...
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By age group, Gen X held the largest average total debt balance ($157,556), followed by millennials ($125,047) and baby boomers ($94,880). ... The average credit card debt for Generation X (43-57 ...