The Impact of Rising Costs of Essential Items on Americans' Financial Well-being on Nostr: Generation X Has the Highest Non-Mortgage Debt, Followed by Millennials: Tracking ...
Generation X Has the Highest Non-Mortgage Debt, Followed by Millennials: Tracking Debt Across Generations
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#ef600a7c ver:0.5
#GenerationX and #Millennials have the highest non-mortgage debt, while #GenZ faces mounting financial challenges. Rising costs of education, housing, and everyday expenses contribute to increased debt and delinquency rates. Gen Zers earn less, have more debt, and pay more for housing and insurance compared to Millennials. Credit card delinquencies have surpassed pre-pandemic levels, with Gen Z having the highest rate of maxed-out credit cards. Gen X has the highest median non-mortgage debt, followed by Millennials. Financial institutions must innovate to meet the needs of Gen Z consumers. Overall, consumer debt in the US is on the rise across all generations and regions. #Debt #FinancialChallenges #CreditCards #Innovation...
#newstr #ConsumerDebt #UsEconomy #GenerationalDebt #StateDebt
https://here.news/story/ef600a7c?ver=0.5
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#ef600a7c ver:0.5
#GenerationX and #Millennials have the highest non-mortgage debt, while #GenZ faces mounting financial challenges. Rising costs of education, housing, and everyday expenses contribute to increased debt and delinquency rates. Gen Zers earn less, have more debt, and pay more for housing and insurance compared to Millennials. Credit card delinquencies have surpassed pre-pandemic levels, with Gen Z having the highest rate of maxed-out credit cards. Gen X has the highest median non-mortgage debt, followed by Millennials. Financial institutions must innovate to meet the needs of Gen Z consumers. Overall, consumer debt in the US is on the rise across all generations and regions. #Debt #FinancialChallenges #CreditCards #Innovation...
#newstr #ConsumerDebt #UsEconomy #GenerationalDebt #StateDebt
https://here.news/story/ef600a7c?ver=0.5