Credit Card Use During Economic Turbulence

Gen Z, Millennials Use Credit Cards 30% More Than The Average Cardholder Inflation is driving 43% of Gen Z consumers and millennials to shift more of their expenses to their credit cards, according to PYMNTS’ latest survey of 2,203 U.S. consumers, “Credit Card Use During Economic Turbulence,” a a collaboration with Elan Financial Services.
Inside the May Study
  • 45%: Portion of consumers with credit cards who carry a revolving balance
  • 31%: Share of cardholders prioritizing rewards and cash back programs
  • 68%: Portion of high-spending non-revolvers valuing real-time fraud detection alerts above all other features

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