Credit card balances by age group

Credit card balances by age group
The average American has $5,733 in credit card debt according to TransUnion.
Within the age bracket of 18 to 29, there is an average of $2,900 in credit card debt.
The average credit card balance has increased by 14.4% over the last year.
We are in a dire economic climate despite what people will tell you. Inflation remains stubbornly high and interest rates have risen shaprely. Americans are increasingly turning towards credit cards to keep up with expense. There are record high balances on credit cards at this point.
Works Cited:
https://www.cnbc.com/2023/06/09/how-much-credit-card-debt-americans-hold-by-age.html
Tags:
balance transfer credit cards, credit card, credit cards, best balance transfer credit cards, credit card balance transfer, balance transfer credit card, credit cards for beginners, credit card bill, credit cards explained, balance transfer, credit cards 101, how to check credit card balance, best credit cards, best balance transfer credit card, balance transfer cards, 0 balance transfer credit cards, best credit card, when to pay credit card bill