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In this study, maxing out credit cards is considered 90% or higher utilization across all cards.
Many members of Gen Z graduated from college during the pandemic, which couldve impacted their career trajectory.
The harsh reality is that social media is filled with inaccurate financial advice that could harm younger people.
As a result, they may inadvertently hurt their financial standing by over-relying on credit.
This includes understanding debt versus assets, credit score andcurrent spending habits.
This leads into the next point.
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