(CNN)– About 1 in 7 ‘Generation Z’ credit card borrowers have maxed out their credit limit.

That’s from the federal Reserve Bank of New York, which also says credit card delinquencies have surpassed pre-pandemic levels and continue to rise.

The Fed says part of the reason Gen Z borrowers are maxed out is because they have much lower credit limits.

Many young Americans haven’t had the time to build up credit histories and credit scores that would let them borrow more.

Many are crushed with college loans and rising inflation as well.