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Starting with the good news, the averageGen Zcredit score is also on the rise.
This lands the average Gen Zer 35 points short of the national average credit score of 715.
According to FICO, this puts the average Gen Zer in the good range, which starts at 670.
However, their credit card debt is up from an average of $2,854 in 2022.
This represents a whopping 14.3% increase in just one year.
The current average credit card debt of all U.S. consumers hovers at around $6,501.
However, other generations are catching up too.
This is compared with just half of Gen Xers.
