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Millennials are still using credit cards, Credit Karma says


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Are millennials still using credit cards? Despite stories to the contrary, Credit Karma says they are. 

The online credit management platform took a survey of just over 1,000 millennials ages 18 to 34 throughout May and June. It found that two-thirds of millennials in that age range have at least one open credit card. 

"Millennials are more comfortable with credit than we first thought," said Credit Karma Chief Consumer Advocate Bethy Hardeman. "Some myths around them not using credit wisely or not using credit at all are false." 

Gallup found a similar result — that 65 percent of Millennials have a credit card — it said in a February articleRead more...

More about Credit, Debt, Credit Card, Millennials, and Business c284nLgsXSA

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