NextAdvisor.com Releases Infographic on Millennials and Credit Cards

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New research shows the habits of twenty-somethings when it comes to owning and using credit cards

The needs of a twenty-something when it comes to owning and using a credit card are very different from someone older who might have a family or a mortgage to think about...

In an effort to better understand what choices millennials are making when it comes to owning and using credit cards, NextAdvisor.com, a leading consumer and small business information website, has released a new infographic containing the results of a recent survey. The survey comprised of 504 men and women between the ages of 18 and 29 and asked a variety of questions related to their understanding of credit cards as well as overall financial health. Two infographics are planned to be published analyzing the resulting data, the first of which focuses on the credit card-specific questions on the survey.

“The needs of a twenty-something when it comes to owning and using a credit card are very different from someone older who might have a family or a mortgage to think about,” said associate editor Jocelyn Baird. “We wanted to know how that affected what choices this generation makes when using credit cards and get an understanding of what they know about credit.”

The infographic presents the answers to questions like how many millennials have a credit card, what their currency of choice is when it’s time to pay, how many twenty-somethings with credit cards know their APR and more. The full infographic can be viewed on the NextAdvisor.com website, where readers can also access in-depth reviews and research on personal finance topics such as credit cards, credit report monitoring, personal loans and savings accounts, as well as other topics related to technology, small business services and more.

See the complete infographic here:http://www.nextadvisor.com/blog/2016/05/25/millennials-and-credit-cards-nextadvisor-survey/

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Kistie Adams
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