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Generation Z credit-card debt soars 52%, but that may not be a bad thing


Members of Generation Z are making a splash with their credit cards.

The total credit-card balances for Gen Z consumers — those born between 1995 and 2003 — reached $55 billion in the second quarter, a 52% jump from $36 billion the same time a year ago, according to the data released Thursday by TransUnion TRU, a consumer credit-reporting agency. 

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