NextAdvisor Survey Reveals What Millennials Understand About Finances and Credit Cards

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New research shows how twenty-somethings perceive their financial health.

We wanted to know what choices millennials are making when it comes to planning for their finances.

Healthy financial habits are important at any age, especially when a person is just getting started building credit. NextAdvisor, a leading consumer and small business information website, has released the second in a two-part series of infographics containing the results of a survey geared toward learning more about millennials and their finances. The survey, which was conducted by NextAdvisor and comprised 504 men and women between the ages of 18 and 29, asked a variety of questions related to their overall financial health. While the first infographic analyzed the results of the credit card-specific questions, this new infographic contains an analysis of the more general financial questions.

“It’s important for people in their twenties to know and understand their credit scores and credit cards, as well as have healthy financial habits, such as keeping track of their monthly spending and creating a budget,” said associate editor Jocelyn Baird. “We wanted to know what choices millennials are making when it comes to planning for their finances.”

The newest infographic presents answers to questions like how often do millennials check their credit reports and scores, what kind of outstanding loans they have, how they budget and more.

See the complete infographic here:

Also, check out the millennials and credit cards infographic here:

About NextAdvisor:

NextAdvisor provides independent reviews of online services for consumers and small businesses. The company's mission is to help its visitors save money and make optimal buying decisions by presenting them with useful comparisons, reviews of service providers and a clear explanation of each service and how it works. The company currently reviews, compares and explains personal finance topics like credit cards, credit report monitoring, savings accounts and personal loans, as well as other topics related to technology, small business services and more.

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Kistie Adams
Pitch Public Relations
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