Credit to their generations

How 'Greatest' generation, boomers, Gen Xers and Millennials view credit

By Geoff Williams

CREDIT TO THEIR GENERATIONS: How age sets attitudes toward credit, debt Greatest, Silent generations (1911-1945) Baby boomers (1946-1964) Generation X (1965-1979) Millennials (1980-2000)

Age does more than bestow wisdom and wrinkles. It creates attitudes and behaviors, too.

Time colors each generation's lens with events its members have in common and others don't, whether those events are sweeping as a world war or mundane as a TV catchphrase.

So it's not surprising that as a general rule, different generations hold different views about debt and credit. Someone always surrounded by ATMs and PayPal is going to use plastic differently than someone who can remember The Dust Bowl and gas ration cards.

We'll look at the debt and credit attitudes of four age groups: The Greatest (and Silent) generations (born 1911-1945); baby boomers (1946-1964); Generation X (1965-1979) and Millennials (1980-2000). To be sure, what follows are generational generalizations. Exceptions abound. But experts and statistics both point to generational traits that many have in common.

Let's see how the generations differ when it comes to handling credit cards and debt.

Next: The Greatest Generation (1911-1924) and the Silent Generation (1925-1945).

Published: March 19, 2008

	Three most recent Credit account management stories: 6 budget-blowing international travel mistakes to avoid – With a little pretrip planning, you can prevent hundreds of unnecessary dollars from being added to the final cost of your trip abroad ... 3 money lessons from "The Bachelor" – Week after week, "The Bachelor" fans can take the lessons they learn in the fine art of romance and apply it to their personal finances ... 7 low-cost ways to get financially organized – You don't need to spend a bundle to get your finanical house in order. These expert tips will help show you the way through the clutter ...

	CreditCards.com's newsletter Did you like this story? Then sign up for CreditCards.com’s weekly e-newsletter for the latest news, advice, articles and tips. It's FREE. Once a week you will receive the top credit card industry news in your inbox. Sign up now!