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Millennials outspend boomers on cards

Por: Newsweek Nation November 09, 2023

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The financial behavior of American consumers is shifting notably, with millennials surpassing baby boomers in credit card spending over the third quarter.As detailed in TransUnion's Q3 2023 Credit Industry Insights Report, in the third quarter bankcard balances hit an unprecedented high of $995 billion, up 15 percent year-over year.The average consumer balance soared to $6,088, an 11% spike—setting a 10-year record, TransUnion's... + full article



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