7/6/2015 – Gen X, Baby Boomers see credit cards as a lifeline (USA Today)

Generation X, weighed down by debt, is unfortunately growing accustomed to the burden. Gen Xers — and their older, Baby Boomer peers — see credit cards as a lifeline, according to a new study from Allianz Life.Of the 1,000 Gen Xers age 35 to 48, and 1,000 Boomers ages 49-67 surveyed, 48% say that credit cards now function as a financial survival tool. That reliance on debt is particularly troublesome for younger Americans, who often put off saving for retirement and other needs because of it.

Read the full article in USA Today.