 TITLE: What Generation’s Debt Changed the Most in the Last Year? CONTENT: Older Generations Reduced Total Debt Amounts by 3% Since 2017\n-------------------------------------------------------------\nWhen it comes to Americans in older generations, total average debt amounts decreased year over year, according to Experian data. Since 2017, both baby boomers (ages 55 to 73) and members of the silent generation (ages 74 and above) decreased their average debt balances by 3%.\nFor baby boomers—who carry more than double the total debt of the silent generation—this decrease represented a $2,768 drop in balances, moving average total boomer debt from $97,863 in 2017 to $95,095. Members of the silent generation—who carried only $38,817 in total average debt in 2018—saw a drop of $1,035 from $39,853 in 2017. END