Summary
A generational survey of credit card debt finds that grandma probably doesn’t carry a balance, but Junior does.
The content on this page is accurate as of the posting date; however, some of our partner offers may have expired. Please review our list of best credit cards, or use our CardMatch™ tool to find cards matched to your needs.
Your credit cards journey is officially underway.
Keep an eye on your inbox—we’ll be sending over your first message soon.
The online survey of more than 1,600 credit card holders found that about 6 in 10 millennials – ages 19-36 in this study – revolve their debt by paying less than their total credit card balances each month.
But in moving up the generational ladder, the percent drops to 54 percent of Generation X who carry a balance, and then 41 percent for baby boomers. By the time you get to the senior generation, less than a quarter (24 percent) are leaving card debt unpaid at the end of the month.
The research and advisory company Aite Group conducted its online survey of 1,669 credit card holders in January 2018. After weighting the results to mirror U.S. population demographics, Aite released its findings April 19, 2018.
See related: Percentage of credit card “revolvers” ticking back up, More infographics
<center><a href=”https://www.creditcards.com/credit-card-news/millennials-card-balance/”><img alt=”Millennials most likely to carry card balances, survey finds” border=”0″ src=”https://www.creditcards.com/credit-card-news/images/infographic-millennials-card-balance.png” /></a> </center>
Editorial Disclaimer
The editorial content on this page is based solely on the objective assessment of our writers and is not driven by advertising dollars. It has not been provided or commissioned by the credit card issuers. However, we may receive compensation when you click on links to products from our partners.