Share of Debt Held by US Consumers Younger Than 50 Rises by Most on Record
- These charts highlight the financial strain, debt burden
- Auto loan delinquencies rise for borrowers in 20s and 30s
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US debt held by those younger than 50 years old rose to a record in the third quarter, according to Federal Reserve figures.
Consumers under the age of 50 held $9.5 trillion in debt last quarter compared with $9.3 trillion in the second quarter. The increase was the most since the final quarter of 2022.