Morning Consult’s Charlotte Principato has a good report out on credit card usage by generation that shows Gen Z — ages 11-26 in 2023 — is doing a good job with credit cards.
The image above shows how they’re charging less and paying off more of their balances monthly.
As the father of a younger Gen Z-er who’s just gotten into spending and banking, this makes me smile.
Hit the link for more stats and charts.
The youngest adults are using credit cards more responsibly than their older peers, even during the current period of high inflation. Here's Charlotte Principato at Morning Consult with details.
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