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The average American with credit card debt owed $7,932 on their credit cards in 2023, according to New York Life’s latest Wealth Watch survey — a pretty significant increase from $6,321 the ...
Average Credit Card Debt up for Gen Z, Millennials and Gen X. Despite a brief spending decline during the pandemic, Generation X's average credit card balance has grown by close to 50% since 2012 ...
According to Experian data, the total debt for American consumers reached $17.1 trillion in 2023, with credit card debt increasing 10% from 2022 to 2023. Americans are struggling with the rising...
Borrowing increases buying power. Without credit and loans, the vast majority of Americans would not be able to buy a home, a car or even a major appliance like a refrigerator or washing machine ...
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All generations saw an increase in credit card debt; indeed, Experian reports that “the most notable movement in consumer credit markets as of late remains in credit card debt, which saw a total ...