Credit card delinquencies among millennials and Gen Z have soared because of sports betting—even in states where it’s il

A new Federal Reserve study reveals a surge in credit card delinquencies among millennials and Gen Z, driven by sports betting activities, even in states where it is illegal.

• Credit card delinquencies among millennials and Gen Z have increased due to sports betting.
• The issue persists even in states where sports betting is illegal.