Millennials and Credit Cards Interview with WIOD Radio Miami
CreditCards.com Senior Industry Analyst Matt Schulz spoke on Thursday, April 16, 2015, with Andrew Julian of WIOD Radio Miami about the results of the April 2015 Millennials and Credit Cards survey. The interview and transcript are below.
Speaking of credit cards, 36% of millennials, ages 18-29, have never had plastic.
Andrew Julian: In the survey CreditCards.com analyst Matt Schulz says that there were differences in when rural and more urban residents thought young people should get their first credit card.
Matt Schulz: Almost three-quarters of folks in the city said that you should get your first credit card before age 25. Fewer than half of folks in rural areas said that.
Julian: He chalks it up to different lifestyles. A credit card may be more necessary in a city and cash might still be king in more rural areas. Schulz also said he expects this trend to reverse itself as the economy improves and more millennials move forward in their jobs.