The Pros and Cons of Avoiding Credit Cards

From the NYTimes –

Millennials are far more likely than older adults to make do without credit cards.

More than 60 percent of millennials — defined as those age 18 to 29 — said they did not have a single major credit card, according to a survey published this week by In contrast, 35 percent of adults over 30 said they had no cards. (For the survey, Princeton Survey Research Associates International interviewed 1,161 people by telephone in late July and early August. The margin of sampling error is plus or minus 3 percentage points.)

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