New data has revealed that not only is Gen Z not using credit cards, they’re actively afraid. But can we blame them, asks Rich Bayer

For decades, credit cards have been a preferred payment method for consumers. But there is an interesting development going on in the world of everyday borrowing. It seems that credit cards are giving Gen Z the ‘ick’.

According to our new survey data, credit cards are not just falling out of fashion amongst this younger generation of shoppers, they are actively making them nervous. Nearly seven in 10 said that credit card bills make them anxious or stressed.

Nearly three in five Gen Z consumers who have owned a credit card have cancelled them in favour of alternative options. They do not even appear to be interested in using them to get a good credit........

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