A new report from Credit Karma reveals that Gen Z is creating more credit card debt than any other generation.

And they’re also the only group to see an increase in debt that’s more than 30 days overdue.

It’s a clash between high inflation and Gen Z’s love of name brand shopping.

The report is based on data collected on January 6 from 78.2 million Credit Karma users, ranging in age from Silent Generation down to Gen Z.

Gen Z has an average of $2,781 worth of credit card debt in the last few months of 2022.

The total average amount of credit card debt was the lowest among all five generations in the report, but it also grew at the fastest pace – around 6%.

Millennials came in with an average credit card debt amount of $5,898 over the same time period, up around 5%.

Gen X owes on average around $8,266.

Gen Z may have the smallest credit card debt (give them time), but they are also going 30 days past due more often than the other generations. It’s becoming increasingly common for Gen Z to remain living at home as young adults, which means they have more free cash to spend on luxury items. But those items are inordinately expensive. So they may not be wracking up much debt, but it’s hard to keep up with.