 TITLE: Baby Boomers Carry the Highest Personal Loan Debt CONTENT: Baby Boomers in Puerto Rico Hold Lowest Average Personal Loan Balances\n----------------------------------------------------------------------\nBaby boomers in Puerto Rico have the lowest personal loan balances, carrying an average of $10,158 in Q2 2019, according to Experian data. While this balance is still twice the national average held by Generation Z, it's 38% less than the national average across all generations.\nPuerto Rico was followed by Washington, D.C. (which is home to the highest average student loan and mortgage balances), Hawaii, Kentucky and Alabama as the states with the lowest baby boomer personal loan debt.\n\\*Source: Experian data from Q2 2019. Data is specific to baby boomer credit and debt\nThe trend is clear when it comes to baby boomers: The generation's debt is on the decline. Baby boomers seem to be quickly moving to a phase of life where their new debt is slowing and overall balances are growing smaller. This can be seen across auto loans, credit cards and mortgage debt. END