The majority of millennials are showing little interest in carrying around a credit card.
In fact, a full 63 percent of those in this generation – people ages 18-29 – don't even have one, according to a study by Bankrate.com, the online aggregator of lending rate information to consumers.
That's a significant departure from Gen Xers and baby boomers: only 35 percent of adults 30 and older don't carry any credit cards in their wallets.
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Nick Thornton
Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
