💨 Abstract

Generation Z is adopting credit cards earlier and using them more extensively than previous generations. A 2024 study found that 84% of Gen Zers aged 22-24 used credit cards, compared to 61% of millennials at the same age. This increased usage comes with higher balances and delinquency rates, partly driven by inflation and rising living costs. Gen Z consumers value digital-first accounts, personalized rewards, and convenient credit management tools.

Courtesy: wtop.com