Even at an Early Age, Young Adults Hold Substantial Past-Due Debt
Share of population with past-due debt, by type
Grouped bar chart comparing various debt rates for Gen Z adults vs. all adults, showing that young adults hold substantial past-due debt.
Notes: These statistics are based on a 4 percent nationally representative panel (more than 10 million consumers) of deidentified consumer data from February 2022 from a major credit bureau. Any: share of people with a credit bureau record who have any debt in collections. Medical: share of people with a credit bureau record who have medical debt in collections. Auto/retail: share of people with an auto loan or lease or a retail installment loan who are 60 or more days delinquent. Credit card: share of people with credit/charge card debt who are 60 or more days delinquent.
Chart:Urban InstituteSource:Urban Institute analysis of February 2022 credit bureau data.Get the data