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The Age gap in treating credit cards

AMERICA: THE DIVISION BETWEEN THE AGES A BREAKDOWN OF U.S. FINANCIAL SITUATION AND SPENDING HABITS Although older Americans have prospered more than have younger adults in recent years, that is not where the difference between the generations ends. Sourcing the AARP, the federal government, a Pew Research survey and other sources, this visual story gives shape to the beliefs and outlooks on life that separate the generations and, in some cases, bring them together. More likely to use credit cards for: Ages 25-49 ys 50-64 ys 65+ ys PURCHASES LESS THAN $20 5% 9% 17% 00000000o00 Co00000000 oco00000o0 PURCHASES OF $20-$50 8% 18% 19% COO0000000 oco0000oo0 oco0000000 PURCHASES GREATER THAN $50 16% 23% 26% oco0000000 0000000o00 0000000000 Average number of open cards 4thQ 2006 4thQ 2007 4thQ 2008 1,300 $1,157 1,200 $1,097 and Balance $1,033. 1,100 per open card (bankcard or retail) 1000 900 $746 $763 $735 800 700 U.S AVERAGE 600 500 Aged 65+ 400 300 200 100 Avg number of open cards 5.5-6.2 5.5 6.1 5.4-5.6 Percentage of Federal Trade Commission survey By Age Percent Victims Relative Risk 18-24 14.9% -3.0% participants who were victims of ID fraud 25-34 17.1% +11.0% 35-44 15.4% (comparison group) to include credit card fraud 14.6% -4.7% 45-54 55-64 11.0% -28.3% 65-74 10.4% -32.5% 75 and over 5.6% -63.9% Median Net Worth 1984 2009 Change 200,000 by Age of Householder, 1984 and 2009 $170,494 180,000 42% 160,000 $162,065 10% ALL... 140,000 $120,457 120,000 Aged 65+ O$101,651 10% 100,000 55-64 80,000 $71,635 10% 45-54 60,000 $39,601 $3,662 40,000 44% 35-44 $11,521 20,000 Younger than 35 68% Share of Householders 1984 2005 2009 40 with No Net Worth 37 or Negative Net Worth by Age of Householder, 1984, 2005 and 2009 35 30 30 (in %) 25 23 20 -20 ALL 19 15 16 17 15 Aged 65+ 12 11 10 12 55-64 9. 10 45-54 8 35-44 Younger than 35 The Change in Median Home Equity by Age of Householder from 1984 to 2009 6% 57% 10% 45-54 Younger than 35 35-44 55-64 Aged 65+ ALL -31% -32% -10% Median Adjusted Household Income by Age of Householder, 1967-2010 (in 2010 dollars) 1967 1984 2010 $47,623. $49,145 $50k $45k $38,555 $40k $34,768 $43,401 Younger than 35 $35k $30k $20,804 $25k 65 and older $20k 79 The Old Prosper 72 Relative 66 66 64 to the Young Asset Ownership Rates by Type of Asset and Age of Householder, 2009, in % 38 37 37 31 32 29 28 27 23 22 19 17 ALL 13 Aged 65+ 55-64 45-54 35-44 Younger than 35 Stocks and mutual Funds Own Rental IRA and Keogh Accounts Home Property Generation Millennial Gen X Boomer Silent by generation, what they think about U.S. habits and customs born between born between born between born between 1981 and 1993 1965 and 1980 1946 and 1964 1928 and 1945 Percent of people who say... "What are the top two issues you will consider in deciding your 2012 presidential vote"? 100% Social Security 80 60 Budget deficit I'm "Angry" with the Government 40 45 33 49 20 20 39 41 30 26 18 I'm supporting Health care 59 50 43 42 same-sex marriage 37 38 42 43 32 52 65 66 69 64 50 48 Jobs I think the U.S. is the greatest country in the World 31 27 31 52 58 69 86 46 (48 60 61 74 50 I'm supporting allowing younger workers put Social Security taxes into private accounts Life in the U.S. has gotten better since 1960s 70 86 90 Life in the U.S. I'm supporting allowing future Medicare participants to Purchase private health insurance 91 has gotten worse since 1960s I'm "very patriotic" Sources: TM • http://assets.aarp.org/rgcenter/consume/consumer_payment.pdf https://annualcreditreport.experian.com/assets/business-resources/studies/snapshot-seniors-debt.pdf • http://pewresearch.org/pubs/2124/age-gap-silent-generation-millennials-wealth-gap • http://www.people-press.org/2011/11/03/the-generation-gap-and-the-2012-election-3/?src=prc-headline CreditDonkey BALANCE PER OPEN CARD in $ AMERICA: THE DIVISION BETWEEN THE AGES A BREAKDOWN OF U.S. FINANCIAL SITUATION AND SPENDING HABITS Although older Americans have prospered more than have younger adults in recent years, that is not where the difference between the generations ends. Sourcing the AARP, the federal government, a Pew Research survey and other sources, this visual story gives shape to the beliefs and outlooks on life that separate the generations and, in some cases, bring them together. More likely to use credit cards for: Ages 25-49 ys 50-64 ys 65+ ys PURCHASES LESS THAN $20 5% 9% 17% 00000000o00 Co00000000 oco00000o0 PURCHASES OF $20-$50 8% 18% 19% COO0000000 oco0000oo0 oco0000000 PURCHASES GREATER THAN $50 16% 23% 26% oco0000000 0000000o00 0000000000 Average number of open cards 4thQ 2006 4thQ 2007 4thQ 2008 1,300 $1,157 1,200 $1,097 and Balance $1,033. 1,100 per open card (bankcard or retail) 1000 900 $746 $763 $735 800 700 U.S AVERAGE 600 500 Aged 65+ 400 300 200 100 Avg number of open cards 5.5-6.2 5.5 6.1 5.4-5.6 Percentage of Federal Trade Commission survey By Age Percent Victims Relative Risk 18-24 14.9% -3.0% participants who were victims of ID fraud 25-34 17.1% +11.0% 35-44 15.4% (comparison group) to include credit card fraud 14.6% -4.7% 45-54 55-64 11.0% -28.3% 65-74 10.4% -32.5% 75 and over 5.6% -63.9% Median Net Worth 1984 2009 Change 200,000 by Age of Householder, 1984 and 2009 $170,494 180,000 42% 160,000 $162,065 10% ALL... 140,000 $120,457 120,000 Aged 65+ O$101,651 10% 100,000 55-64 80,000 $71,635 10% 45-54 60,000 $39,601 $3,662 40,000 44% 35-44 $11,521 20,000 Younger than 35 68% Share of Householders 1984 2005 2009 40 with No Net Worth 37 or Negative Net Worth by Age of Householder, 1984, 2005 and 2009 35 30 30 (in %) 25 23 20 -20 ALL 19 15 16 17 15 Aged 65+ 12 11 10 12 55-64 9. 10 45-54 8 35-44 7 Younger than 35 The Change in Median Home Equity by Age of Householder from 1984 to 2009 6% 57% 10% 45-54 Younger than 35 35-44 55-64 Aged 65+ ALL -31% -32% -10% Median Adjusted Household Income by Age of Householder, 1967-2010 (in 2010 dollars) 1967 1984 2010 $47,623. $49,145 $50k $45k $38,555 $40k $34,768 $43,401 Younger than 35 $35k $30k $20,804 $25k 65 and older $20k 79 The Old Prosper 72 Relative 66 66 64 to the Young Asset Ownership Rates by Type of Asset and Age of Householder, 2009, in % 38 37 37 31 32 29 28 27 23 22 19 17 ALL 13 Aged 65+ 55-64 45-54 35-44 Younger than 35 Stocks and mutual Funds Own Rental IRA and Keogh Accounts Home Property Generation Millennial Gen X Boomer Silent by generation, what they think about U.S. habits and customs born between born between born between born between 1981 and 1993 1965 and 1980 1946 and 1964 1928 and 1945 Percent of people who say... "What are the top two issues you will consider in deciding your 2012 presidential vote"? 100% Social Security 80 60 Budget deficit I'm "Angry" with the Government 40 45 33 49 20 20 39 41 30 26 18 I'm supporting Health care 59 50 43 42 same-sex marriage 37 38 42 43 32 52 65 66 69 64 50 48 Jobs I think the U.S. is the greatest country in the World 31 27 31 52 58 69 86 46 (48 60 61 74 50 I'm supporting allowing younger workers put Social Security taxes into private accounts Life in the U.S. has gotten better since 1960s 70 86 90 Life in the U.S. I'm supporting allowing future Medicare participants to Purchase private health insurance 91 has gotten worse since 1960s I'm "very patriotic" Sources: TM • http://assets.aarp.org/rgcenter/consume/consumer_payment.pdf https://annualcreditreport.experian.com/assets/business-resources/studies/snapshot-seniors-debt.pdf • http://pewresearch.org/pubs/2124/age-gap-silent-generation-millennials-wealth-gap • http://www.people-press.org/2011/11/03/the-generation-gap-and-the-2012-election-3/?src=prc-headline CreditDonkey A A 0875 BALANCE PER OPEN CARD in $ AMERICA: THE DIVISION BETWEEN THE AGES A BREAKDOWN OF U.S. FINANCIAL SITUATION AND SPENDING HABITS Although older Americans have prospered more than have younger adults in recent years, that is not where the difference between the generations ends. Sourcing the AARP, the federal government, a Pew Research survey and other sources, this visual story gives shape to the beliefs and outlooks on life that separate the generations and, in some cases, bring them together. More likely to use credit cards for: Ages 25-49 ys 50-64 ys 65+ ys PURCHASES LESS THAN $20 5% 9% 17% 00000000o00 Co00000000 oco00000o0 PURCHASES OF $20-$50 8% 18% 19% COO0000000 oco0000oo0 oco0000000 PURCHASES GREATER THAN $50 16% 23% 26% oco0000000 0000000o00 0000000000 Average number of open cards 4thQ 2006 4thQ 2007 4thQ 2008 1,300 $1,157 1,200 $1,097 and Balance $1,033. 1,100 per open card (bankcard or retail) 1000 900 $746 $763 $735 800 700 U.S AVERAGE 600 500 Aged 65+ 400 300 200 100 Avg number of open cards 5.5-6.2 5.5 6.1 5.4-5.6 Percentage of Federal Trade Commission survey By Age Percent Victims Relative Risk 18-24 14.9% -3.0% participants who were victims of ID fraud 25-34 17.1% +11.0% 35-44 15.4% (comparison group) to include credit card fraud 14.6% -4.7% 45-54 55-64 11.0% -28.3% 65-74 10.4% -32.5% 75 and over 5.6% -63.9% Median Net Worth 1984 2009 Change 200,000 by Age of Householder, 1984 and 2009 $170,494 180,000 42% 160,000 $162,065 10% ALL... 140,000 $120,457 120,000 Aged 65+ O$101,651 10% 100,000 55-64 80,000 $71,635 10% 45-54 60,000 $39,601 $3,662 40,000 44% 35-44 $11,521 20,000 Younger than 35 68% Share of Householders 1984 2005 2009 40 with No Net Worth 37 or Negative Net Worth by Age of Householder, 1984, 2005 and 2009 35 30 30 (in %) 25 23 20 -20 ALL 19 15 16 17 15 Aged 65+ 12 11 10 12 55-64 9. 10 45-54 8 35-44 7 Younger than 35 The Change in Median Home Equity by Age of Householder from 1984 to 2009 6% 57% 10% 45-54 Younger than 35 35-44 55-64 Aged 65+ ALL -31% -32% -10% Median Adjusted Household Income by Age of Householder, 1967-2010 (in 2010 dollars) 1967 1984 2010 $47,623. $49,145 $50k $45k $38,555 $40k $34,768 $43,401 Younger than 35 $35k $30k $20,804 $25k 65 and older $20k 79 The Old Prosper 72 Relative 66 66 64 to the Young Asset Ownership Rates by Type of Asset and Age of Householder, 2009, in % 38 37 37 31 32 29 28 27 23 22 19 17 ALL 13 Aged 65+ 55-64 45-54 35-44 Younger than 35 Stocks and mutual Funds Own Rental IRA and Keogh Accounts Home Property Generation Millennial Gen X Boomer Silent by generation, what they think about U.S. habits and customs born between born between born between born between 1981 and 1993 1965 and 1980 1946 and 1964 1928 and 1945 Percent of people who say... "What are the top two issues you will consider in deciding your 2012 presidential vote"? 100% Social Security 80 60 Budget deficit I'm "Angry" with the Government 40 45 33 49 20 20 39 41 30 26 18 I'm supporting Health care 59 50 43 42 same-sex marriage 37 38 42 43 32 52 65 66 69 64 50 48 Jobs I think the U.S. is the greatest country in the World 31 27 31 52 58 69 86 46 (48 60 61 74 50 I'm supporting allowing younger workers put Social Security taxes into private accounts Life in the U.S. has gotten better since 1960s 70 86 90 Life in the U.S. I'm supporting allowing future Medicare participants to Purchase private health insurance 91 has gotten worse since 1960s I'm "very patriotic" Sources: TM • http://assets.aarp.org/rgcenter/consume/consumer_payment.pdf https://annualcreditreport.experian.com/assets/business-resources/studies/snapshot-seniors-debt.pdf • http://pewresearch.org/pubs/2124/age-gap-silent-generation-millennials-wealth-gap • http://www.people-press.org/2011/11/03/the-generation-gap-and-the-2012-election-3/?src=prc-headline CreditDonkey A A 0875 BALANCE PER OPEN CARD in $ AMERICA: THE DIVISION BETWEEN THE AGES A BREAKDOWN OF U.S. FINANCIAL SITUATION AND SPENDING HABITS Although older Americans have prospered more than have younger adults in recent years, that is not where the difference between the generations ends. Sourcing the AARP, the federal government, a Pew Research survey and other sources, this visual story gives shape to the beliefs and outlooks on life that separate the generations and, in some cases, bring them together. More likely to use credit cards for: Ages 25-49 ys 50-64 ys 65+ ys PURCHASES LESS THAN $20 5% 9% 17% 00000000o00 Co00000000 oco00000o0 PURCHASES OF $20-$50 8% 18% 19% COO0000000 oco0000oo0 oco0000000 PURCHASES GREATER THAN $50 16% 23% 26% oco0000000 0000000o00 0000000000 Average number of open cards 4thQ 2006 4thQ 2007 4thQ 2008 1,300 $1,157 1,200 $1,097 and Balance $1,033. 1,100 per open card (bankcard or retail) 1000 900 $746 $763 $735 800 700 U.S AVERAGE 600 500 Aged 65+ 400 300 200 100 Avg number of open cards 5.5-6.2 5.5 6.1 5.4-5.6 Percentage of Federal Trade Commission survey By Age Percent Victims Relative Risk 18-24 14.9% -3.0% participants who were victims of ID fraud 25-34 17.1% +11.0% 35-44 15.4% (comparison group) to include credit card fraud 14.6% -4.7% 45-54 55-64 11.0% -28.3% 65-74 10.4% -32.5% 75 and over 5.6% -63.9% Median Net Worth 1984 2009 Change 200,000 by Age of Householder, 1984 and 2009 $170,494 180,000 42% 160,000 $162,065 10% ALL... 140,000 $120,457 120,000 Aged 65+ O$101,651 10% 100,000 55-64 80,000 $71,635 10% 45-54 60,000 $39,601 $3,662 40,000 44% 35-44 $11,521 20,000 Younger than 35 68% Share of Householders 1984 2005 2009 40 with No Net Worth 37 or Negative Net Worth by Age of Householder, 1984, 2005 and 2009 35 30 30 (in %) 25 23 20 -20 ALL 19 15 16 17 15 Aged 65+ 12 11 10 12 55-64 9. 10 45-54 8 35-44 7 Younger than 35 The Change in Median Home Equity by Age of Householder from 1984 to 2009 6% 57% 10% 45-54 Younger than 35 35-44 55-64 Aged 65+ ALL -31% -32% -10% Median Adjusted Household Income by Age of Householder, 1967-2010 (in 2010 dollars) 1967 1984 2010 $47,623. $49,145 $50k $45k $38,555 $40k $34,768 $43,401 Younger than 35 $35k $30k $20,804 $25k 65 and older $20k 79 The Old Prosper 72 Relative 66 66 64 to the Young Asset Ownership Rates by Type of Asset and Age of Householder, 2009, in % 38 37 37 31 32 29 28 27 23 22 19 17 ALL 13 Aged 65+ 55-64 45-54 35-44 Younger than 35 Stocks and mutual Funds Own Rental IRA and Keogh Accounts Home Property Generation Millennial Gen X Boomer Silent by generation, what they think about U.S. habits and customs born between born between born between born between 1981 and 1993 1965 and 1980 1946 and 1964 1928 and 1945 Percent of people who say... "What are the top two issues you will consider in deciding your 2012 presidential vote"? 100% Social Security 80 60 Budget deficit I'm "Angry" with the Government 40 45 33 49 20 20 39 41 30 26 18 I'm supporting Health care 59 50 43 42 same-sex marriage 37 38 42 43 32 52 65 66 69 64 50 48 Jobs I think the U.S. is the greatest country in the World 31 27 31 52 58 69 86 46 (48 60 61 74 50 I'm supporting allowing younger workers put Social Security taxes into private accounts Life in the U.S. has gotten better since 1960s 70 86 90 Life in the U.S. I'm supporting allowing future Medicare participants to Purchase private health insurance 91 has gotten worse since 1960s I'm "very patriotic" Sources: TM • http://assets.aarp.org/rgcenter/consume/consumer_payment.pdf https://annualcreditreport.experian.com/assets/business-resources/studies/snapshot-seniors-debt.pdf • http://pewresearch.org/pubs/2124/age-gap-silent-generation-millennials-wealth-gap • http://www.people-press.org/2011/11/03/the-generation-gap-and-the-2012-election-3/?src=prc-headline CreditDonkey A A 0875 BALANCE PER OPEN CARD in $ AMERICA: THE DIVISION BETWEEN THE AGES A BREAKDOWN OF U.S. FINANCIAL SITUATION AND SPENDING HABITS Although older Americans have prospered more than have younger adults in recent years, that is not where the difference between the generations ends. Sourcing the AARP, the federal government, a Pew Research survey and other sources, this visual story gives shape to the beliefs and outlooks on life that separate the generations and, in some cases, bring them together. More likely to use credit cards for: Ages 25-49 ys 50-64 ys 65+ ys PURCHASES LESS THAN $20 5% 9% 17% 00000000o00 Co00000000 oco00000o0 PURCHASES OF $20-$50 8% 18% 19% COO0000000 oco0000oo0 oco0000000 PURCHASES GREATER THAN $50 16% 23% 26% oco0000000 0000000o00 0000000000 Average number of open cards 4thQ 2006 4thQ 2007 4thQ 2008 1,300 $1,157 1,200 $1,097 and Balance $1,033. 1,100 per open card (bankcard or retail) 1000 900 $746 $763 $735 800 700 U.S AVERAGE 600 500 Aged 65+ 400 300 200 100 Avg number of open cards 5.5-6.2 5.5 6.1 5.4-5.6 Percentage of Federal Trade Commission survey By Age Percent Victims Relative Risk 18-24 14.9% -3.0% participants who were victims of ID fraud 25-34 17.1% +11.0% 35-44 15.4% (comparison group) to include credit card fraud 14.6% -4.7% 45-54 55-64 11.0% -28.3% 65-74 10.4% -32.5% 75 and over 5.6% -63.9% Median Net Worth 1984 2009 Change 200,000 by Age of Householder, 1984 and 2009 $170,494 180,000 42% 160,000 $162,065 10% ALL... 140,000 $120,457 120,000 Aged 65+ O$101,651 10% 100,000 55-64 80,000 $71,635 10% 45-54 60,000 $39,601 $3,662 40,000 44% 35-44 $11,521 20,000 Younger than 35 68% Share of Householders 1984 2005 2009 40 with No Net Worth 37 or Negative Net Worth by Age of Householder, 1984, 2005 and 2009 35 30 30 (in %) 25 23 20 -20 ALL 19 15 16 17 15 Aged 65+ 12 11 10 12 55-64 9. 10 45-54 8 35-44 7 Younger than 35 The Change in Median Home Equity by Age of Householder from 1984 to 2009 6% 57% 10% 45-54 Younger than 35 35-44 55-64 Aged 65+ ALL -31% -32% -10% Median Adjusted Household Income by Age of Householder, 1967-2010 (in 2010 dollars) 1967 1984 2010 $47,623. $49,145 $50k $45k $38,555 $40k $34,768 $43,401 Younger than 35 $35k $30k $20,804 $25k 65 and older $20k 79 The Old Prosper 72 Relative 66 66 64 to the Young Asset Ownership Rates by Type of Asset and Age of Householder, 2009, in % 38 37 37 31 32 29 28 27 23 22 19 17 ALL 13 Aged 65+ 55-64 45-54 35-44 Younger than 35 Stocks and mutual Funds Own Rental IRA and Keogh Accounts Home Property Generation Millennial Gen X Boomer Silent by generation, what they think about U.S. habits and customs born between born between born between born between 1981 and 1993 1965 and 1980 1946 and 1964 1928 and 1945 Percent of people who say... "What are the top two issues you will consider in deciding your 2012 presidential vote"? 100% Social Security 80 60 Budget deficit I'm "Angry" with the Government 40 45 33 49 20 20 39 41 30 26 18 I'm supporting Health care 59 50 43 42 same-sex marriage 37 38 42 43 32 52 65 66 69 64 50 48 Jobs I think the U.S. is the greatest country in the World 31 27 31 52 58 69 86 46 (48 60 61 74 50 I'm supporting allowing younger workers put Social Security taxes into private accounts Life in the U.S. has gotten better since 1960s 70 86 90 Life in the U.S. I'm supporting allowing future Medicare participants to Purchase private health insurance 91 has gotten worse since 1960s I'm "very patriotic" Sources: TM • http://assets.aarp.org/rgcenter/consume/consumer_payment.pdf https://annualcreditreport.experian.com/assets/business-resources/studies/snapshot-seniors-debt.pdf • http://pewresearch.org/pubs/2124/age-gap-silent-generation-millennials-wealth-gap • http://www.people-press.org/2011/11/03/the-generation-gap-and-the-2012-election-3/?src=prc-headline CreditDonkey A A 0875 BALANCE PER OPEN CARD in $ AMERICA: THE DIVISION BETWEEN THE AGES A BREAKDOWN OF U.S. FINANCIAL SITUATION AND SPENDING HABITS Although older Americans have prospered more than have younger adults in recent years, that is not where the difference between the generations ends. Sourcing the AARP, the federal government, a Pew Research survey and other sources, this visual story gives shape to the beliefs and outlooks on life that separate the generations and, in some cases, bring them together. More likely to use credit cards for: Ages 25-49 ys 50-64 ys 65+ ys PURCHASES LESS THAN $20 5% 9% 17% 00000000o00 Co00000000 oco00000o0 PURCHASES OF $20-$50 8% 18% 19% COO0000000 oco0000oo0 oco0000000 PURCHASES GREATER THAN $50 16% 23% 26% oco0000000 0000000o00 0000000000 Average number of open cards 4thQ 2006 4thQ 2007 4thQ 2008 1,300 $1,157 1,200 $1,097 and Balance $1,033. 1,100 per open card (bankcard or retail) 1000 900 $746 $763 $735 800 700 U.S AVERAGE 600 500 Aged 65+ 400 300 200 100 Avg number of open cards 5.5-6.2 5.5 6.1 5.4-5.6 Percentage of Federal Trade Commission survey By Age Percent Victims Relative Risk 18-24 14.9% -3.0% participants who were victims of ID fraud 25-34 17.1% +11.0% 35-44 15.4% (comparison group) to include credit card fraud 14.6% -4.7% 45-54 55-64 11.0% -28.3% 65-74 10.4% -32.5% 75 and over 5.6% -63.9% Median Net Worth 1984 2009 Change 200,000 by Age of Householder, 1984 and 2009 $170,494 180,000 42% 160,000 $162,065 10% ALL... 140,000 $120,457 120,000 Aged 65+ O$101,651 10% 100,000 55-64 80,000 $71,635 10% 45-54 60,000 $39,601 $3,662 40,000 44% 35-44 $11,521 20,000 Younger than 35 68% Share of Householders 1984 2005 2009 40 with No Net Worth 37 or Negative Net Worth by Age of Householder, 1984, 2005 and 2009 35 30 30 (in %) 25 23 20 -20 ALL 19 15 16 17 15 Aged 65+ 12 11 10 12 55-64 9. 10 45-54 8 35-44 7 Younger than 35 The Change in Median Home Equity by Age of Householder from 1984 to 2009 6% 57% 10% 45-54 Younger than 35 35-44 55-64 Aged 65+ ALL -31% -32% -10% Median Adjusted Household Income by Age of Householder, 1967-2010 (in 2010 dollars) 1967 1984 2010 $47,623. $49,145 $50k $45k $38,555 $40k $34,768 $43,401 Younger than 35 $35k $30k $20,804 $25k 65 and older $20k 79 The Old Prosper 72 Relative 66 66 64 to the Young Asset Ownership Rates by Type of Asset and Age of Householder, 2009, in % 38 37 37 31 32 29 28 27 23 22 19 17 ALL 13 Aged 65+ 55-64 45-54 35-44 Younger than 35 Stocks and mutual Funds Own Rental IRA and Keogh Accounts Home Property Generation Millennial Gen X Boomer Silent by generation, what they think about U.S. habits and customs born between born between born between born between 1981 and 1993 1965 and 1980 1946 and 1964 1928 and 1945 Percent of people who say... "What are the top two issues you will consider in deciding your 2012 presidential vote"? 100% Social Security 80 60 Budget deficit I'm "Angry" with the Government 40 45 33 49 20 20 39 41 30 26 18 I'm supporting Health care 59 50 43 42 same-sex marriage 37 38 42 43 32 52 65 66 69 64 50 48 Jobs I think the U.S. is the greatest country in the World 31 27 31 52 58 69 86 46 (48 60 61 74 50 I'm supporting allowing younger workers put Social Security taxes into private accounts Life in the U.S. has gotten better since 1960s 70 86 90 Life in the U.S. I'm supporting allowing future Medicare participants to Purchase private health insurance 91 has gotten worse since 1960s I'm "very patriotic" Sources: TM • http://assets.aarp.org/rgcenter/consume/consumer_payment.pdf https://annualcreditreport.experian.com/assets/business-resources/studies/snapshot-seniors-debt.pdf • http://pewresearch.org/pubs/2124/age-gap-silent-generation-millennials-wealth-gap • http://www.people-press.org/2011/11/03/the-generation-gap-and-the-2012-election-3/?src=prc-headline CreditDonkey A A 0875 BALANCE PER OPEN CARD in $

The Age gap in treating credit cards

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An infographic about the young and the elder people, managing of credit cards in the U.S. It has been published on 26th of March 2012 at:

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