Young Americans are starting out with more credit-card debt than generations before them, and that financial burden can have long-lasting effects. The rising debt load largely reflects a surge in prices for food and shelter at the start of their careers, coupled with a larger percentage of Gen Z who graduated with student loans.
| less than a minute read
Gen Z sinks deeper into debt
“This is a generation that is feeling financial stress in a more acute way than millennials did a decade ago,” said Charlie Wise, head of global research at TransUnion.
