Millennials, Many Burdened By College Debt, Wary of Credit Cards

Many young Americans, burdened with debt from college tuition loans before they even begin their work life, is keeping many millennials wary of racking up credit card debt. The concern about paying back student loans, among other factors, is keeping millennials, usually classified as people between the ages 18 and 35, away from credit cards. Fewer than one-third of millennials even own a credit card, a record low number, according to recent statistics. Stefanie O’Connell, who graduated...

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