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Young people are more likely to max out their cards because of lower credit limits, student loans, and smaller paychecks. 15% of Gen Z is maxed out, compared to 12% of millennials and fewer than 5% of boomers.
Young people are more likely to max out their cards because of lower credit limits, student loans, and smaller paychecks. 15% of Gen Z is maxed out, compared to 12% of millennials and fewer than 5% of boomers.
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