 TITLE: Mortgage Debt Sees Record Growth Despite Pandemic CONTENT: Mortgage Balances Saw Biggest Increase Among Youngest Generations\n-----------------------------------------------------------------\nIn line with patterns across other types of debt, younger generations drove a healthy portion of mortgage debt growth in 2020. Since 2019, members of Generation Z—the youngest generation in our analysis—saw their average balances spike by 19%, according to Experian data. That represents more than a $27,000 increase in mortgage debt on average in just a year.\nMillennials, who saw a fraction of the growth that Gen Z did—increasing their average mortgage balance by 6%—still had the second-highest spike of any generation. They were followed by Generation X, baby boomers and the silent generation.\nSource: Experian; Ages as of 2020 END