Gen Z's Credit Card Debt Crisis

Gen Zs Credit Card Debt Crisis: A Growing Concern - According to Intuit CEO Sasan Goodarzi, Gen Z is facing an affordability crisis with record-high credit card balances and lower credit scores. Despite earning more than previous generations, their purchasing power is lower due to inflation. The ongoing rise in costs for essentials is creating a K-shaped economy, with wealthier Americans thriving while Gen Z struggles with high costs and accumulating debt.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.