 TITLE: Millennials vs Baby Boomers: Who Has More Credit Cards? CONTENT: Millennials' Credit Card Balances Are on the Rise\n-------------------------------------------------\nMillennials—consumers ages 24 to 39—may owe less and have fewer credit cards than baby boomers, but this pattern is quickly changing. Per credit card account, millennials carried an average balance of $1,527 in Q2 2019, compared with $1,447 per card for baby boomers, according to Experian data. And while total credit card debt grew just over 1% for baby boomers from 2015 to 2019, millennial credit card debt grew nearly 40% over the same time period.\nSource: Experian data\nThe further out millennials get from the financial crisis of the late-2000s—when they witnessed the effects of out-of-control debt—the more open they seem to be taking on new credit and debt.\nIn the past five years, millennials have seen their total debt grow the most of any generation: 58% from Q2 2015 to Q2 2019. Generation Z saw the second-largest increase (22%) in their total debt, followed by Generation X, whose debt grew by 10% since 2015. END