Upside Gap Openers

[mgland]

Millennials and Gen Z face ‘snowballing and snowballing’ debt as high card balances and interest rates eat into their credit scores

https://www.yahoo.com/finance/news/millennials-gen-z-face-snowballing-154257215.html
Total credit card debt in the U.S. topped $1.13 trillion by the end of 2023,Though it’s not unusual for debt levels to rise with the holidays, that’s the 10th straight quarter of increases. Delinquencies, too, are on the rise.While Americans of all ages are grappling with higher balances, Gen Z and millennials are seeing the largest average increases in total debt and the steepest decline in credit scores, according to data provided to Fortune by personal finance company Credit Karma on tens of millions of member accounts.