According to a report published by the New York Federal Reserve, nearly 10% of young people between the ages of 18 and 29 are up to 90 days overdue on their credit cards.

Although there is a slight decrease compared to the previous quarter, FED analysts point out that it is still one of the highest figures among holders under 40 years old.

The report also adds another analysis from the New York Federal Reserve which finds that the unemployment rate among Generation Z is currently one of the highest.

For its part, the Bank of America Institute revealed in June through a report that the use of the "buy now, pay later" (BNPL) modality among this generation has increased in recent months, leading to much higher debt levels.

Although at first typical purchases using this method were between $600 and $1,000 dollars, according to Bank of America researchers, it has now spread to even smaller purchases, such as a coffee, he highlighted.

Finally, the analysis mentions that, in the second quarter of this year, the total balances on Americans' credit cards are $1.21 trillion dollars.