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CHARLOTTE -- A new Pew Research study finds that America's young people are less likely to take on new debt than those in their parents' generation.

The study found that between 2001 and 2010, Americans under 35 reduced their debt at levels significantly higher than those over 35. It also found that only 39 percent of young people with credit cards used those cards to carry a balance and that almost a quarter of those under the age of 35 have no debt at all.

Some financial advisers say some of that reluctance to add debt may be because after the Great Recession, it's much harder for all americans to gain access to credit.

"If you don't have a job and you don't have income, you can't get credit," said Brett Boner, a financial adviser with Carroll Financial. "Credit is harder to come by. It's not nearly as easily accessible as it was 2004, 2005.