Millennials are struggling under mounting credit card debt, NY Fed finds

Millennials are struggling under mounting credit card debt, NY Fed finds

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Millennials in their 30s sank deeper into credit card debt toward year-end, a new report found, as US credit card debt continued to climb to new heights. Outstanding credit card balances hit a record high $1.13 trillion in the fourth quarter of 2023, according to new data released Tuesday from the…

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