Credit card debt is an ongoing issue for many Americans, and under the weight of today’s economic challenges, these types of issues are compounding. For example, about one in seven (or 15.3%) of Gen Z credit card users have maxed out their credit cards, according to recent research from the New York Fed. But it’s not just Gen Z that is struggling. Almost one in five credit card users overall are maxed out, and nearly 9% of credit card debts were considered delinquent in Q1 2024.
These credit card statistics are indicative of the significant economic challenges many people are facing in an increasingly exp…
Read the full article at: https://www.cbsnews.com/news/some-gen-z-card-users-are-maxed-out-debt-relief-options-to-consider/