PERSONAL LOANS/DEBT
Debt knows no generational bounds, yet the strain of financial obligations resonates differently among each age group. When it comes to debt burdens, though, Gen Xers stand out. In fact, Gen Xers have the highest average nonmortgage and mortgage debt of any generation — and their nonmortgage debt is growing. Using more than 150,000 anonymized credit reports on the LendingTree platform in the first quarter of 2023 and 87,000 anonymized credit reports in March 2021, we analyzed debt by generation.
PERSONAL LOANS/DEBT
One in 4 Americans are currently wrestling with medical debt, and those with it owe more than $7,700 on average, according to the newest survey from LendingTree. But many who’ve negotiated these bills have found some success in getting them reduced.
