February 28, 2012

Michael Petruccelli asks; Is Generation Y bigger than boomer, but full of financial woe? (5)

Michael Petruccelli says; Credit card debit is high, with 43% carring too much debt on their cards. The average Gen Y holds three credit cards, with 20% of them carring a balance of more than $10,000. They are the least likely of any generation to own their own homes.