Gen Z is chalking up credit card debt and falling behind on their payments faster than any other generation, new report says

Thu, 03/23/2023 - 00:38

Gen Z is chalking up credit card debt faster than any other generation, a Credit Karma report says.
It's also the only group to see an increase in debt that's more than 30 days overdue.
The report comes amid persistently high inflation and Gen Z's love for luxury goods.

Gen Z is growing up and entering the workforce in an era of high inflation — and it shows on their credit card bills.