Study: Credit card use down among young people
A new survey shows more than a third of millennials have never had a credit card. According to Credit Cards.com, 36 percent of Americans between the ages of 18 and 29 are only using debit or pre-paid
News 12 Staff
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Apr 15, 2015, 4:28 PM
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Updated 3,307 days ago
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A new survey shows more than a third of millennials have never had a credit card.
According to Credit Cards.com, 36 percent of Americans between the ages of 18 and 29 are only using debit or pre-paid cards.
Some of the possible reasons are a law that limits offers of credit to college students and the recession.
The study suggests that millennials may just be becoming more responsible when it comes to finances.
