QUESTION IMAGE
Question
what generation holds the majority of consumer credit?
baby boom generation
no one generation holds the majority of consumer credit
generation y
generation x
Brief Explanations
The Baby Boom generation (born roughly 1946-1964) has accumulated significant consumer credit over their lifetimes, including mortgages, loans, and credit card debt, and holds the majority of total consumer credit compared to younger generations.
Snap & solve any problem in the app
Get step-by-step solutions on Sovi AI
Photo-based solutions with guided steps
Explore more problems and detailed explanations
Baby boom generation