Primary Country (Mandatory)

United States

Other Country (Optional)

Set News Language for United States

Primary Language (Mandatory)
English
Other Language[s] (Optional)
No other language available

Set News Language for World

Primary Language (Mandatory)
English
Other Language(s) (Optional)

Set News Source for United States

Primary Source (Mandatory)
CNN
Other Source[s] (Optional)

Set News Source for World

Primary Source (Mandatory)
AajTak
Other Source(s) (Optional)
  • Countries
    • India
    • United States
    • Qatar
    • Germany
    • China
    • Canada
    • World
  • Categories
    • National
    • International
    • Business
    • Entertainment
    • Sports
    • Special
    • All Categories
  • Available Languages for United States
    • English
  • All Languages
    • English
    • Hindi
    • Arabic
    • German
    • Chinese
    • French
  • Sources
    • India
      • AajTak
      • NDTV India
      • The Hindu
      • India Today
      • Zee News
      • NDTV
      • BBC
      • The Wire
      • News18
      • News 24
      • The Quint
      • ABP News
      • Zee News
      • News 24
    • United States
      • CNN
      • Fox News
      • Al Jazeera
      • CBSN
      • NY Post
      • Voice of America
      • The New York Times
      • HuffPost
      • ABC News
      • Newsy
    • Qatar
      • Al Jazeera
      • Al Arab
      • The Peninsula
      • Gulf Times
      • Al Sharq
      • Qatar Tribune
      • Al Raya
      • Lusail
    • Germany
      • DW
      • ZDF
      • ProSieben
      • RTL
      • n-tv
      • Die Welt
      • Süddeutsche Zeitung
      • Frankfurter Rundschau
    • China
      • China Daily
      • BBC
      • The New York Times
      • Voice of America
      • Beijing Daily
      • The Epoch Times
      • Ta Kung Pao
      • Xinmin Evening News
    • Canada
      • CBC
      • Radio-Canada
      • CTV
      • TVA Nouvelles
      • Le Journal de Montréal
      • Global News
      • BNN Bloomberg
      • Métro
Viking Revolution Sea Salt Hair Spray Buy Now
5-Pack Dry Fit T-Shirts Buy Now
Fashion Wallet Chain Buy Now
HP Newest Flagship 15.6 HD Pavilion Laptop Buy Now
Women's Satin Pajama Set Buy Now
COOFANDY Men's Plaid Denim Shirt Buy Now
Men's Casual Cardigan Sweaters Buy Now
JMIERR Mens Cotton Linen Shirt Buy Now
Men's Slim Fit Dress Pant Buy Now
3 Pairs Compression Socks for Women Buy Now
4-in-1 Retractable Car Charger (69W USB-C) Buy Now
Stanley The IceFlow Buy Now
Classic Amanda High Rise Tapered Jeans Buy Now
Butterfly Fashion Sunglasses Buy Now
Y2K Striped Oversized Tee Buy Now
Womens Originals Long Sleeve Cotton V-Neck T-Shirt Buy Now
Legendary Flannel Buy Now
Longline Wirefree Sports Bra Buy Now
Mommy & Me Pajamas Buy Now
Echo Dot (3rd Gen) Charcoal Buy Now
MoreBack to News Headlines
1 in 7 Gen Z credit card users are ‘maxed out’

1 in 7 Gen Z credit card users are ‘maxed out’

CNN
Friday, May 17, 2024 7:40 PM GMT

Ariel Barnes plunged into a credit card debt spiral in college and a decade later she’s yet to escape.

Ariel Barnes plunged into a credit card debt spiral in college, and a decade later she’s yet to escape. Barnes has maxed out seven credit cards and is struggling to make minimum payments on $30,000 of credit card debt. “The interest is so high that it’s hard to get out of it,” Barnes, who is 28 years old and lives in Jackson, Mississippi, told CNN in a phone interview on Thursday. Barnes is hardly alone. Roughly one in seven (15.3%) Gen Z credit card borrowers have maxed out their credit cards, according to new research from the Federal Reserve Bank of New York. (The NY Fed defined Gen Z as borrowers born between 1995 and 2011, though others mark the cut off as 1996 or 1997). By comparison, just 4.8% of Baby Boomer borrowers and 9.6% of Gen Xers have maxed out their credit cards, which can be a sign of a severely tight cash-flow problem.

Read full story on CNN
Share this story on:-
Run 3 Space | Play Space Running GamePlay Run 3, the ultimate space tunnel running game with 300+ challenging levels!Adv.
Traffic Jam 3D | Online Racing GameTraffic Jam 3D is a game where you’ll be driving through heavy traffic.Adv.
Duck Hunt | Play Old Classic GamePlay the classic 1984 light gun shooter game Duck Hunt on your browser.Adv.
More Related News
The meme stock renaissance may already be fizzling

The meme stock renaissance is already fizzling

Skydance pledges to Trump’s FCC it’ll eliminate DEI, install ‘ombudsman’ to root out ‘bias’ at CBS News

Skydance needs FCC approval in order to take over Paramount. It’s now promising to root out “bias” at CBS News in order to get it.

The typical employee would have had to start working before the Revolutionary War to match average CEO’s 2024 pay

The pay gap between America’s corporate leaders and their workers grew even larger in 2024, according to the AFL-CIO’s annual Executive Paywatch report, released Wednesday.

How Trump turned the tide in his trade war

President Donald Trump has pulled off an impressive feat: He is raising tariffs on some of America’s most important trading partners, and the world is largely cheering the agreements as victories.

Court overturns ex-Citi trader Hayes’ criminal conviction for interest rate rigging

Tom Hayes, the first trader ever jailed for interest rate rigging, had his conviction overturned by Britain’s top court Wednesday after a years-long fight to clear his name.

Markets are absolutely booming under Trump. They’re about to face a huge test

Six months into President Donald Trump’s second term, a quick glance at the stock market might offer a reassuring picture: The S&P 500 just closed above 6,300 points for the first time ever and has notched eight record highs in the past month.

Trump announces ‘massive’ trade agreement with Japan

President Donald Trump announced a long-awaited trade agreement with Japan on Tuesday night, a framework between allies and major trading partners that appeared elusive just weeks ago.

Trump announces trade agreement with the Philippines and terms of deal with Indonesia

President Donald Trump said Tuesday he and President Ferdinand Marcos Jr. of the Philippines have reached a trade agreement. Shortly after, he also revealed more detailed terms of an agreement with Indonesia.

China bans Wells Fargo banker from leaving the country

An Atlanta-based banker working for Wells Fargo has been prevented from leaving China, the latest incident that threatens to amplify concerns among Western executives about the potential consequences of visiting the world’s second-biggest economy.

NATO has promised a spending blitz. Can its European members afford it?

The defense alliance of 32 countries is planning to invest billions in its security over the coming decade. But it’s a splurge that some European NATO members, saddled with huge debt burdens, can ill-afford.

Jeffrey Epstein-related books and TV shows have exploded amid Trump’s case-closed claims

A sudden resurgence of interest in the late convicted sex offender, and unanswered questions about his crimes, has been measurable this month in book sales, Netflix streams and YouTube searches.

This Massachusetts man became a millionaire twice in one night – thanks to a lucky lottery mistake

One lucky Massachusetts man bought two winning lottery tickets at two different stores, earning him a $2 million payday.

‘Superman’ continues to soar at the box office

Warner Bros. Pictures’ “Superman” flew past the competition for the second straight week, grossing $57.25 million at the weekend box office.

Parking Slot | Free Parking GamePlay Parking Slot, the best online 3D car driving and parking game.Adv.
Slope Ball Run - Play OnlineSlope Game takes you on an exciting journey of a ball on special paths.Adv.
Astronomer chief people officer, Kristin Cabot, resigns after viral Coldplay video

Kristin Cabot, the chief people officer of Astronomer, has resigned, the company confirmed to CNN Thursday.

FCC approves Skydance merger with Paramount, ending a yearlong saga of uncertainty

The pending merger between Paramount Global and Skydance Media was formally approved by the Trump administration on Thursday, concluding months of regulatory uncertainty.

Trump and Powell’s feud just exploded into the public. And then Trump backed off

President Donald Trump, after a tour of the Fed’s $2.5 billion renovation, said he didn’t want to fire Federal Reserve Chair Jerome Powell because of the plan’s cost overruns.

Intel cuts 15% of its staff as it pushes to make a comeback

Intel said Thursday it has mostly completed plans it announced last quarter to cut 15% of its workforce, as the struggling chipmaker attempts a turnaround.

The Fed just gave a rare look at its $2.5 billion renovation — right before Trump’s tour

The Federal Reserve, one of the most notoriously tight-lipped institutions in Washington, has been suddenly thrust into an unusual situation: a high-stakes public relations battle with the White House.

UnitedHealth confirms federal investigation into its Medicare practices

UnitedHealth Group confirmed Thursday that its Medicare program is under investigation by the US Department of Justice and that it is working with the agency.

Women will soon be able to request a female Uber driver in these US cities

Uber is piloting a new option for its US app that will allow female passengers to request women drivers, coming after the company has long grappled with preventing sexual assault on its platform.

CBS picks new ‘60 Minutes’ boss amid persistent concerns about Paramount shake-up

The network is not hiring an outsider to helm “60 Minutes” as the program’s correspondents feared might happen.

Trump’s AI plan: Pull back restraints on tech

The Trump administration on Wednesday unveiled its AI action plan, a package of initiatives and policy recommendations meant to cement the United States as a global leader in a technology that’s expected to be as influential as the internet itself.

It’s a back-to-school shopping spree as families rush to beat tariffs

Back-to-school shopping is already under way. And this year’s essential: avoiding tariffs.

Are AI models ‘woke’? The answer isn’t so simple

Tucked in the Trump administration’s sweeping AI action plan announced Wednesday is a recommendation that tech companies with federal contracts ensure their models don’t include “ideological bias.” Such a rule would likely have a wide impact considering many large tech companies either work with or are pursuing work with the government work; Google, OpenAI, Anthropic and xAI were each awarded $200 million to work with the Department of Defense earlier this month.

3 key looming Trump decisions will shape the future of the economy

“It’s ultimately up to the president to decide.”

© 2008 - 2025 Webjosh  |  News Archive  |  Privacy Policy  |  Contact Us