“As many of these consumers come of age, they are finding they have a need for products such as credit cards,” says Paul Siegfried, SVP and credit card business leader at TransUnion. “Some of this growth is natural aging of the generation as more consumers enter it, but also too many of these consumers are engaging back in the economy and using credit products to do so.”
As someone who is just discovering the world of credit, Tayne suggests that young consumers carefully review all of the fine print for the card they’re thinking of signing up for.
