 TITLE: Millennial Credit Card Use Is on the Rise CONTENT: Millennial Credit Card Balances Growing Fastest Among Generations\n-----------------------------------------------------------------\nThe uptick in millennials credit use is seen in the growth of their credit card balances over the past five years. Millennial credit card balances have risen 40% since 2015, the most rapid increase of any generation during that period.\nIn Q2 2019, millennials owed an average of $4,889 in credit card debt—$1,390 more than they owed in 2015. Compared with other generations, millennials' average credit card balance ranks in the middle: third-highest in Q2 2019, following Generation X's average balance of $8,215 and baby boomers' average of $6,949.\nPer credit card account, millennials (who carry an average of 3.2 credit cards each) had an average balance of $1,528 in Q2 2019. That's the second-highest per-account balance, bested only by Generation X, who hold an average of 4.3 cards and carried an average balance of $1,910 per card account. Baby boomers had the third-highest per-account average balance of $1,448. And while older generations may still have more credit card debt overall, millennial spending per account could offer an early glimpse into how millennials plan to use credit cards as they age. END