Nearly 10 % of the American -winged American youth credit cards, Federal Reserve reports

American youth continued to form the largest share of those who move to the delinquency of credit cards in the second quarter, according to a report issued by New York. Federal Reserve.

Despite its slightly decreased from the previous quarter, the report showed that nearly 10 % of credit card cards keeps the Americans between the ages of 18 and 29 have become 90 days or more in the second quarter.

New York Reserve Reserve researchers said that the delinquency rates of credit cards for Americans under the age of 40 are “unusually high”, adding that they are watching “closely” in this direction.

an average Transition balances In a dangerous delinquency for children between the ages of 18 and 19, about 10 % has been homing since 2023. Before that, it was the last time it occupied a 10 % average in 2010.

The credit card of Americans and family debts reaches a higher level

This report comes after the data drew an increasingly increasingly financial image of the Gen Z members. A separate report issued by the New York Reserve Bank found that the unemployment rate of new university graduates between the ages of 22 and 27 years has increased from its lowest level after birth, which is 0.7 % higher than the national average starting from June.

With the exception of the epidemic, the unemployment rate for new university graduates in March 2025 was the highest in More than a decade.

Meanwhile, data shows that Gen Z members have increased by all of the new and traditional credit services. The report of the Bank of America in June 2025 found that the use of “Buy Now” was pushing later (BNPL) between the rapid GEN Z members last year after three years of slowdown.

What will be the credit card roof effect?

Although most BNPL lenders do not report payments for credit offices, researchers at the New York Reserve Council said that the use of BNPL was much higher among younger borrowers compared to those in other age groups. The confirmation of reporting the date of payment began to Experian and Transunion.

The researchers said that their findings indicate that BNPL’s model purchases were somewhat small, which ranged from $ 600 to $ 1,000, “from what we hear … now extend to smaller purchases, such as even a cup of coffee.”

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As of the second quarter of 2025, the total credit card assets of Americans amounted to $ 1.21 trillion.