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Consumers of all ages carry credit cards, but some generations have larger outstanding balances than others.
Members of Generation X have the highest average credit card debt at $7,155, followed by baby boomers and millennials, according to credit bureau Experian’s latest consumer findings.
With an average credit card balance of $1,963, consumers in Generation Z carry the lowest credit card debt. Younger credit cardholders just starting out typically have lower credit limits than their older cohorts, so it isn’t …
Read the full article at: https://www.cnbc.com/select/average-credit-card-debt-by-age/
