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Millennials and Gen Zers might be the death of Credit Cards (and we remain unbothered.)
I was doing my morning news scroll on Twitter when a headline jumped out at me from Bloomberg (I really do try to stay up to date on the financial world and stuff.)
Yes, it was another headline blaming millennials.
Apparently, millennials were threatening yet another whole industry. Side note: Seriously, it’s amazing that the oldest millennial has only been around 36 years and that is enough to destroy whole industries. Meanwhile older generations that have been around longer clearly haven’t made anything better (a casual glance at the current political, educational, ecological, and financial climate will show you that, but I digress…)
But this time, we aren’t getting blamed for the death of newspapers or brick and mortar stores. This time, interestingly enough, it’s the credit card industry.
Credit card companies are fuming that only one in three millennials actually have a credit card. And Gen Z is even more vigilant than millennials, a study showing 18 to…