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

Apr 15, 2015, 4:28 PM

Updated 3,543 days ago

Share:

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.