WEAR - Search Results
Young Americans staying clear of credit cards
It looks like young Americans are learning from their elders. They are steering clear of the plastic. Credit score provider, FICO, says the number of young people without credit cards has doubled since the recession.
They say about 16 percent of consumers ages 18 to 29 didn't have a single credit card in 2012.
FICO says watching older generations get hit hard by the recession may have caused younger customers to shy away from credit spending.