​Visualizing Maxed-Out Credit-Cards By Generation – Tyler Durden

Visualizing Maxed-Out Credit-Cards By Generation In the first quarter of 2024, the nationwide aggregate credit card utilization rate in the U.S. was about 23%, similar to previous quarters, according to the Federal Reserve Bank of New York. However, as Visual Capitalist’s Kayla Zhu details below, utilization rates vary widely between individuals. About 52% of credit card users were using less than 20% of their available credit in the beginning of 2024, while 18% were using at least 90% of their available credit, which the Federal Reserve sees as being “maxed-out.” This chart uses data from the Federal Reserve Bank of New…  — Continue at ZeroHedge News : Read More