Generations are defined by the Federal Reserve as having been born in the following years:
Baby Boomers: 1946 to 1964
Gen X: 1965 to 1979
Millennials: 1980 to 1994
Gen Z: 1995 to 2011
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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.”
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Archive (archive.today)
>Generations are defined by the Federal Reserve as having been born in the following years:
>>Baby Boomers: 1946 to 1964
>>Gen X: 1965 to 1979
>>Millennials: 1980 to 1994
>>Gen Z: 1995 to 2011
>.
.
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.”
.
.
[Archive](https://archive.today/y3xUJ)
