Based on the current levels of average debt of Gen X, and the current rate of increase, it would take Gen Z about 4.22 YEARS to reach that amount.
<h3>How long would it take Gen Z debt to reach Gen X?</h3>
Using a spreadsheet, you can find out the number of periods it would take for Gen Z debt to reach Gen X debt through the NPER function.
Rate = 67.2%
Pmt = 0
PV = -16,000
FV = 140,000
The function would show a result of 4.22 years.
Find out more on Gen Z debt at brainly.com/question/27390758.
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Good luck :)
