Beyond age, credit card debt varies by demographic. According to the 1989 to 2022 Survey of Consumer Finances, Americans identifying as white had the highest credit card debt, averaging $6,930 in ...

Despite a brief spending decline during the pandemic, Generation X’s average credit card balance has grown by close to 50% since 2012, and now exceeds $9,000. Over the same period, the average ...

The minimum age to get access to a credit card depends on whether you'll have your own account or be added to someone else's account. If you're under 18, being an authorized user is your only option.

If you (or the adults in your life) feel like age 18 is too young to get a credit card, you're not alone. Credit cards can be risky, especially for young people who don't know how they work.

Some card details on this page may be out of date. You can help your child build credit before they turn 18, and it’s as easy as adding them to your credit card as an authorized user.

Hi. Yeah. New research just in from experience on credit card debt. It found Gen X. Those of you aged 44 to 59. It's me carrying the highest credit card balances on average nearly $9300 of debt ...

Young borrowers have accumulated credit card debt to offset the effects of inflation. Credit card balances grew 16% for card holders under the age of 25 last year, more than any other age group.

Average Credit Card Debt up for Gen Z, Millennials and Gen X Despite a brief spending decline during the pandemic, Generation X's average credit card balance has grown by close to 50% since 2012 ...