Headlines

Millennials Just Aren’t That Into Credit Cards

Published

8 years ago

August 16, 2016

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.

This Third-Generation Jeweler Was Ready for Retirement. He Called Wilkerson

Retirement is never easy, especially when it means the end to a business that was founded in 1884. But for Laura and Sam Sipe, it was time to put their own needs first. They decided to close J.C. Sipe Jewelers, one of Indianapolis’ most trusted names in fine jewelry, and call Wilkerson. “Laura and I decided the conditions were right,” says Sam. Wilkerson handled every detail in their going-out-of-business sale, from marketing to manning the sales floor. “The main goal was to sell our existing inventory that’s all paid for and turn that into cash for our retirement,” says Sam. “It’s been very, very productive.” Would they recommend Wilkerson to other jewelers who want to enjoy their golden years? Absolutely! “Call Wilkerson,” says Laura. “They can help you achieve your goals so you’ll be able to move into retirement comfortably.”