One in four millennials resort to credit cards to make ends meet - and 60% don't pay off their bill each month
One in four millennials resort to credit cards to make ends meet, according to new research by comparison site TotallyMoney.com.
A quarter of those under 25 years-old are borrowing to pay their utility bills and 16 per cent resort to a credit card to pay their rent.
More than half (52 per cent) admit to using plastic to pay for their groceries. Despite their dependence on credit, 60 per cent don’t pay off their credit card bill each month.
And as many as 25 per cent admit to missing the required monthly minimum payments in the past year.
Skipping payments incurs expensive penalty fees and... read more
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