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No Credit for Young Men (and Women)

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Demography Unplugged
Sep 26, 2016
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No Credit for Young Men (and Women)
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We’ve mentioned before that Millennials shy away from credit cards. (See: “Credit Cards Lose Their Charge.”) That message is confirmed by a New York Times analysis of Federal Reserve data, which finds that, even as overall U.S. credit card usage ramps up, the share of Americans under age 35 with credit card debt has fallen to its lowest level since 1989…

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