Gen Z is taking on debt and that’s good in many cases
June 29, 2023
Gen Zers (Americans between 18 and 26) have seen their debts increase nearly threefold in the past two years, according to a Lending Tree analysis of credit reports. Some of that added debt is just a consequence of aging and establishing higher credit scores. “Yes, they’re taking on debt, but they’re doing so with the belief that they’ll be able to handle it going forward,” said Matt Schulz, LendingTree’s chief credit analyst. “I’d bet that is at least part of what we’re seeing.”
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