Gen Z Faces 30% More Debt Than Millennials, 52% Say Homeownership Is Impossible
Money isn’t adding up for Gen Z. The generation born between 1997 and 2012 is drowning in debt, living with parents longer, and wondering if they’ll ever own a home. Credit cards are a big part of the problem. Gen Z carries 30% more credit card debt than millennials did at their age, even after counting inflation, TransUnion reports. They’re also more likely to max out their cards and miss payments. “Rising costs of living, tuition fees, and an unstable job market have made milestones like homeownership, financial independence, and even career stability seem more out of reach than ever … Continue reading Gen Z Faces 30% More Debt Than Millennials, 52% Say Homeownership Is Impossible
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