Gen Z Faces Mental Health Impact from Credit Card Debt and Outlook for Wealth Transfer
- 1Freedom Debt Relief found that 59% of Gen Z rely on making minimum credit card payments.
- 251% of Gen Z feel embarrassment or shame due to credit card debt.
- 3Cerulli Associates announced an estimated $124 trillion in assets expected to transfer from older generations to younger generations by 2048.
So what's the key point?
What is the main point? More than half of Gen Z are struggling to pay off credit card debt. However, they are expected to inherit a massive $124 trillion in assets in the future.
Source Fortune · View original ↗
Today's 5 AI picks, all freeNothing hidden: past picks and how they did against the S&P 500.