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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.” . .

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>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)

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[–] • 1 pt

Wow, those credit limits are shockingly low.

[–] • 0 pt

I had one card with a $50K limit 20+ years ago, about 5x the limit of my other cards. I figured someone accidentally added a zero in processing, but I didn't complain.