The Federal Reserve has reported that the number of individuals under the age of 35 (Millennials) who own a credit card has dropped to its lowest point since 1989. It seems that millennials are concerned about getting over their head in debt! What a radical idea! They have seen their parents lose jobs, and sometimes their homes and aren’t about to place themselves into that situation. Congratulations to this group of savvy financial individuals.
Credit Cards Have Come Full Circle!