RAB Insights

RAB Research Archive

From Boomers To Gen Z, Credit Cards Reign As Preferred Method Of Payment

Across all generations, credit card debt is the most common type of consumer debt. With the rise of digital and mobile payment solutions, such as Apple Pay, Google Pay and Amazon Pay, and the overall increased ease of online transactions, personal credit cards are the preferred form of payment among baby boomers, Gen X and millennials.

Source: Digital Media Solutions

Melissa Ledesma

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