> Data from the Federal Reserve indicates that the percentage of Americans under 35 who hold credit card debt has fallen to its lowest level since 1989. I read

> Data from the Federal Reserve indicates that the percentage of Americans under 35 who hold credit card debt has fallen to its lowest level since 1989. I read the original NYT article and had the same questions as many people here. 1. Isn't having less debt a good thing overall? (I'm not talking about things like business loans and so on) 2. Does lower credit card debt in the 20-35 cohort imply lower usage of credit cards or is just due to them running a balance less often? Is it still counted as "debt" if the balance is paid off every month? 3. Has anyone surveyed credit card companies about increase or decrease in number of credit card application approvals from the 20-35 cohort? Could that be a better proxy of credit card usage? 4. Is it at all possible that millenials use credit cards more sensibly than other generations? Maybe they only spend as much as they can pay off every month. After all, this is the generation that grew up in two wars and a depression.