Recently the NerdWallet blog did a survey of more than 2,000 adults in the United States with regard to their use of plastic. Turns out that younger people prefer debit to credit.
The findings didn’t surprise me. But they did concern me.
Without credit use, you can’t build a good credit history. Without a good credit history, you will likely pay more interest than those without decent credit scores – that is, if you can get a loan at all.
This probably isn’t something people want to hear right after the Equifax data breach. But it’s something they need to know.