Debt By Generation

This data is based on the US average in 2022. This is meant to serve as a reference to see where you are compared to the national average based on age, to help you better plan for retirement.

Average credit card debt

• Gen Z (16 to 24): $2,312
• Gen Y/Millennials (25 to 40): $4,569
• Gen X (41 to 56): $7,236
• Boomers (57 to 75): $6,230
• Silent Generation (76 and up): $3,821
• U.S. average: $5,525

Average mortgage debt

• Gen Z: $192,276
• Gen Y/Millennials: $255,527
• Gen X: $259,100
• Boomers: $198,203
• Silent Generation: $163,254
• U.S. average: $229,242

Average non-mortgage debt

• Gen Z: $12,524
• Gen Y: $28,317
• Gen X: $32,898
• Boomers: $24,136
• Silent Generation: $11,725
• U.S. average: $25,112