I'm calling it! This is the bottom !!!!!, page-156

"Over first-half financial 2022, Zip’s net bad debts of $148.3 million ($204 million) reached 2.6 per cent of its total transaction volume, equal to 9.7 per cent of closing receivables owed by customers on an annualised basis.''AFR

As compare to credit cards: About the same.

Credit card delinquency rates

A credit card account is considered delinquent when it's at least 30 days past due. Although that already does significant damage to the cardholder'scredit scoreand carries financial penalties, the consequences get worse as the card passes 60 and 90 days past due.

Credit card delinquency rates have fallen over the past two years. Delinquencies of 90 days or more have seen the best results, as they're down 63%.

	DAYS PAST DUE	2019	2020	2021
30–59	3.9%	2.4%	2.3%
60–89	1.9%	1.3%	1.0%
90 or more	6.8%	3.8%	2.5%

Data source: Experian (2020).

Credit card delinquency rates by generation

Millennials and Generation X have the highest credit card delinquency rates by a large margin in 2021. Members of the Silent Generation are the least likely to be delinquent on their credit cards.

	GENERATION	30–59 DAYS	60–89 DAYS	90 OR MORE DAYS
Generation Z	2.12%	0.95%	1.73%
Millennials	3.07%	1.32%	3.15%
Generation X	3.02%	1.25%	3.42%
Baby Boomers	1.80%	0.77%	2.05%
Silent Generation	1.07%	0.51%	1.33%

Data source: Experian (2021).

Average credit utilization rate by age

The average credit utilization rate is 25.2%.

This metric, also known as acredit utilization ratio, is your credit card balances divided by your credit limits. If you have one credit card with a $1,000 balance and a $10,000 credit limit, then your credit utilization would be 10%.

Lower credit utilization is better for your credit score, and the conventional wisdom is that you should keep it below 30%. Most generations manage that. While Gen Z, millennials, and Gen X all have averages of around 30%, the average credit utilization drops quite a bit for baby boomers and the Silent Generation.

	GENERATION	AVERAGE CREDIT UTILIZATION
Generation Z	31.1%
Millennials	30.2%
Generation X	29.7%
Baby boomers	21.4%
Silent Generation	12.6%
U.S. Average	25.2%

Data source: Experian (2020).