Millennials in their 30s have added over $3.8 trillion in debt to their accounts — and are missing their credit card and auto loan payments

Their demographic alone amassed nearly $4 trillion in debt in the fourth quarter of 2022, according to the Wall Street Journal’s analysis of Federal Reserve Bank of New York data. This marks a 27% rise from late 2019 — the biggest jump of any age group — and it’s the fastest they’ve ever accumulated debt since the 2008 financial crisis.

Serah Louis