New Report Shows Gen Z Relies On Debt More Than Millennials Do

New Report Shows Gen Z Relies On Debt More Than Millennials Do According to a new report from transunion, generation z is racking up debt at a faster rate than millennials did at their age and are reporting higher delinq. New report shows gen z relies on debt more than millennials do. according to a new report from transunion, generation z is racking up debt at a faster rate than millennials did at their age and.

Fox Business Gen Z Lean On Credit More Than Millennials Did And Gen z consumers ages 22 to 24 have higher debt levels and delinquency rates for a number of credit products — from credit cards to mortgages and student loans — than millennials did at the. Generation z has been disproportionately pummeled by rising prices, higher housing costs, larger student loan balances and more overall debt than the millennials before them.while both generations came of age in the midst of an economic upheaval, gen z is spending more on necessities than millennials did at the same age, according to a washington post analysis of bureau of labor statistics data. New york cnn —. gen z is in the financial trenches. a new study from credit reporting agency transunion found those in their early 20s are earning less, have more debt and see higher delinquency. Members of gen z are not only more likely to have student loans, but they also have higher debt balances than millennials did, according to the st. louis fed. as of june 2022, borrowers ages 20 to.