More Gen Zers are Maxing out Credit Cards

[bjl584]

Credit card delinquencies rise as more Gen Zers are maxed out: NY Fed (cnbc.com)

[LivingAlmostLarge]

Credit card delinquencies rise as more Gen Zers are maxed out: NY Fed (cnbc.com)

isn't ever generation broke?

[bjl584]

isn't ever generation broke?

Probably just the ones since easy credit became a thing.
My grandparents, who lived through the Great Depression and WWII, lived frugally without ever taking on much debt.
They may have been "broke" due to low income, lack of government programs, and high barriers to entry into the stock market and entrepreneurship to the average person back in that era, but they weren't broke due to being in debt.

[LivingAlmostLarge]

Probably just the ones since easy credit became a thing.
My grandparents, who lived through the Great Depression and WWII, lived frugally without ever taking on much debt.
They may have been "broke" due to low income, lack of government programs, and high barriers to entry into the stock market and entrepreneurship to the average person back in that era, but they weren't broke due to being in debt.

How much in debt are they

[bjl584]

How much in debt are they

All of my grandparents are passed, but they all died debt free with considerable cash in the bank.