New data found that the number of millennials who are missing their credit card payments is on the rise. 

<div class="block">New data found that the number of millennials who are missing their credit card payments is on the rise. </div>

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Report: More Millennials Missing Credit Card Payments

New data found that the number of millennials who are missing their credit card payments is on the rise. That's according to a new report from the Federal Reserve Bank of New York, which revealed that millennials are at the age group that saw the biggest increase in delinquency rates which have now risen above pre pandemic levels. New York fed researchers say quote, there's a lot of overlap between millennials and auto loans and student debt. And we can see that overlap correlate with higher delinquency rates and quote. The researchers suggested that even though millennials have lower home ownership rates increases in rent could be putting additional pressure on them.