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What is the average credit card debt held by Gen Z?

ngpf.org 4/3/25

Q:

QUESTION OF THE DAY

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TYPES OF CREDIT

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QUESTION OF THE DAY | TYPES OF CREDIT

A:

$3,456

Source: Experian

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FOLLOW-UP QUESTIONS

  1. Do you have a credit card? Why or why not?
  2. What are the negative impacts of carrying credit card debt month-to-month?
  3. Why might Gen Z have lower credit card debt than other generations?
  4. Do you think young people with credit cards expect to go into debt? Explain.