Gen Z is racking up credit card debt faster than any other generation, per Bloomberg.
While the average credit card debt was the lowest for younger borrowers at $2,781, the growth outpaced all other generations at 5.9%. Gen Z drivers also saw the largest increase in auto loan debts at 2.3%. Read more: unusualwhales.com/news/gen-x-has…
@unusual_whales They are hunting bears on borrowed money
@unusual_whales Generation where money is worth less than the generation before has more debt on nominal terms. Shocker?
@unusual_whales With inflation considered , not a surprise
@unusual_whales What percentage of this is actual debt and what percentage is monthly bills from people who make all of their purchases on credit cards and pay off the complete bill monthly. Could be a very misleading stat.
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