Ohio’s young people struggle with credit card debt, new Fed analysis shows

The following article was originally published in the Ohio Capital Journal and published on News5Cleveland.com under a content-sharing agreement.

A new analysis of Federal Reserve data shows that young adults across the country are carrying dangerous levels of credit card debt, with higher-than-average levels in Ohio.

The news comes as inflation continues to grow , consumer sentiment worsens , and student debt continues to balloon .

Austin-based Upgraded Points studies ways consumers can maximize benefits from their credit card points and miles. But it also conducts other analyses.

For the consumer debt project, it looked at data from the Federal Reserve Bank of Philadelphia. It identified cardholders aged 18-34 with debt that was more than 90 days delinquent and broke the