The credit card crisis is worse for millennials and Gen Zers

Sat, 03/09/2024 - 06:33

Tech Insider

Economy

• The credit card debt for young Americans has grown at a faster pace than other generations.
• More than one in three millennials and Gen Zers have a subprime credit score below 600
• There is little sign of relief in the coming months if interest rates stay high.

Americans are in the midst of a credit card crisis, and nobody is being hit harder than millennials and Gen Zers.

Tags

economy, finance, credit-cards, credit-card-late-fees, junk-fees, credit-score, credit-card-debt

Source

The credit card crisis is worse for millennials and Gen Zers