The average young American in Generation Z had $2,834 in the last quarter of 2023 -- 26% more than the balance Millennials carried at the same age in 2013, according to a new report.

Barnes is hardly alone. Roughly one in seven (15.3%) Gen Z credit card borrowers have maxed out their credit cards, according to new research from the Federal Reserve Bank of New York. (The NY Fed ...

For example, about one in seven (or 15.3%) of Gen Z credit card users have maxed out their credit cards, according to recent research from the New York Fed. But it's not just Gen Z that is struggling.