Generation Z has emerged as a noteworthy player in the credit card debt arena, outpacing previous generations to accumulate balances, while Generation X claims the crown for holding the highest average credit card debt.During the second quarter of 2023, which covers April to June, individuals from Generation Z, born between 1997 and 2012, had an average credit card debt of $3,328. This reflected a significant 4.
In the credit card debt rankings, Baby Boomers, born between 1946 and 1964, secured the second position. They carried an average debt load of roughly $8,192 during the second quarter.
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