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Credit card debt prevails among US Generation X and Y internet users

Wednesday 12 November 2008 | 11:36 AM CET

According to a study focusing on US Generation X and Generation Y\'s financial situation, credit card debt ranks highest in terms of types of debt among these two categories of adult internet users.

Thus, 67 percent of Generation X internet users (those born between 1965 and 1981) have declared that they are confronted with this type of debt, while 52 percent deal with car loans, 49 percent with mortgage and 30 percent with student loans. As for those born between 1978 and 1995 (Generation Y internet users), 57 percent are concerned with credit card debt, 42 percent with car loans, 17 percent with mortgage and 32 percent with student loans.
The study was conducted by the American Savings Education Council together with the US non-governmental organisation AARP.
 

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