Connect with us

Headlines

Millennials Just Aren’t That Into Credit Cards

Published

on

Student debt, fear of being overextended drive down usage among young consumers.

Even as overall use creeps up, millennial consumers are avoiding credit cards, thanks to factors including massive student loan debt, The New York Times reports. The article says younger consumers are wary of spending beyond their means, but not having credit cards means they may not be able to make bigger purchases, like washing machines and computers. They also won’t be building credit histories to help them buy homes. Among households headed by people 35 and under, only 37 percent have credit card debt. That’s down a quarter since just before the financial crisis.

Read more at The New York Times

Advertisement

SPONSORED VIDEO

When the Kids Have Their Own Careers, Wilkerson Can Help You to Retire

Alex and Gladys Rysman are the third generation to run Romm Jewelers in Brockton, Mass. And after many decades of service to the industry and their community, it was time to close the store and take advantage of some downtime. With three grown children who each had their own careers outside of the industry, they decided to call Wilkerson. Then, the Rysmans did what every jeweler should do: They called other retailers and asked about their own Wilkerson experience. “They all told us what a great experience it was and that’s what made us go with Wilkerson.” says Gladys Rysman. The results? Alex Rysman says he was impressed. “We exceeded whatever I expected to do by a large margin.”

Promoted Headlines

Most Popular