The average millennial has $27,251 in non-mortgage debt, which includes any revolving credit or installment loans such as credit cards or student debt, reported CNBC, based on study by Experian. Of millennials who own their own home (only 46 percent), the average mortgage balance is $232,372. By these measures, they have less debt than Gen Xers ($32,878 of non-mortgage debt and $245,127 of mortgage debt), but more than Baby Boomers ($25,812 and $191,650), members of the SIlent Generation ($12,869 and $159,517) and Gen Zers ($10,942 and $172,561).

The same pattern holds true for how often millennials miss bills. While Americans in general seem to be paying their bills on time, with none having a large proportion of delinquents, the rate for millennials is still higher than anyone else except GenXers. Among millennials, 2.7 percent on average are 30-59 days past due on their bills; 1.5 percent are 60-89 days past due; and 4.4 percent are 90-180 days past due. Compared to Gen Zers (1.6/1/2.5), Boomers (2.2/1.2/3.2) and Silent Generation members (1.2/.7/1.9) they miss bills more often. It is only compared to Gen Xers (3.3/1.8/5.3) that they do a little better.