Infographic: Millennials shedding credit card debt, survey says

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Research and Statistics

Summary

In the recession’s wake, every generation has shed credit card debt — but the youngest generation has been most aggressive about it, says a new survey from Auriemma Consulting Group

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In the recession’s wake, every generation has shed credit card debt — but the youngest generation has been most aggressive about it. A survey from Auriemma Consulting Group published in August 2011 reports that the number of both Generation Xers and Millennials who say they frequently carry a balance has fallen 18 percentage points in just four years. Baby boomers, meanwhile, have seen a much smaller decline.

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Juan Rodriguez is a former CreditCards.com personal finance contributor

Infographic: Millennials shedding credit card debt, survey says

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