Credit Card Spending: Manageable Payments, Avoid Excessive Debt

Key summary

A survey by Deloitte and Consumer Signals found that credit card debt among Gen Z individuals in the United States, aged 18-29, increased by 19% between the third quarter of 2023 and the second quarter of 2026. The survey, which polled 1,000 adults in the United States each month, identified risky behaviors including making only minimum payments, maxing out credit limits, taking out multiple 0% installment plans simultaneously, using new credit cards to pay off old debts, and allowing others to use credit cards to make purchases. These behaviors can lead to difficult-to-manage debt burdens.