Report: Credit Cards Unpopular Among Young Adults

What's Next In Payments®
4:14 PM EDT February 17th, 2013

According to a new Mercator Advisory Group report, only 59 percent of young adults in the 18-35 age group use credit cards, compared to 70 percent of the population as a whole.

The report also found that young adults are three times s likely to then seniors to reduce their credit card use in favor of debit card use, as ATM Marketplace reports.

“The anti-credit card sentiment appears to be waning,” said Karen Augustine, manager of Customer Monitor Survey Series at Mercator Advisory Group and the author of the report. “But issuers need to address the needs of the young adults in order to stimulate greater credit card volume.”

Read the full story here.

Topics:
Comments
Also by This Author
What's Hot
News
Not A News Flash: Payment Fraud Will Explode During EMV Rollouts
News
The Twelve Month Countdown: Mobile and EMV? Mobile or EMV?
B2B Payments
Tungsten Brings Its E-Invoice Platform To Qatar
B2B Payments
Rules Governing Military Travel Management Changing
View All Articles ››
You May Also Like
Company Spotlight
Different mPOS Strokes for Different mPOS Folks
International
Digital River Offers A Sneak Peak At Mobile eCommerce Trends
Mobile Commerce
Trustwave Buys Cenzic To Beef Up App Testing Capability
News
Not A News Flash: Payment Fraud Will Explode During EMV Rollouts
Apple Pay Tracker
Apple Adds Buy-It Buttons to iAd
Apple Pay Tracker
The Apple Pay Beacon Trojan Horse
News
The Twelve Month Countdown: Mobile and EMV? Mobile or EMV?
View All Articles ››