In 2018, 68 percent of Millennials in the United States used credit cards, up from 56 percent in 2016. The share of U.S. Millennials who had an Individual Retirement Account (IRA) amounted to 40 percent in 2018, up 12 percentage points from the previous survey.
Usage of selected financial products among Millennials in the United States in 2018
Basic Account
Get to know the platform
You only have access to basic statistics.
This statistic is not included in your account.
Starter Account
The ideal entry-level account for individual users
- Instant access to 1m statistics
- Download in XLS, PDF & PNG format
- Detailed references
$199 USD / Month *
Professional Account
Full access
Business Solutions including all features.
* Prices do not include sales tax.
Other statistics that may interest you Statistics on
About the industry
10
- Premium Statistic Net income Hyundai Card 2014-2022
- Premium Statistic Payments at points of sale by type in Australia 2024
- Premium Statistic Payments at points of sale by type in Russia 2023
- Premium Statistic Most used financial products in Russia 2023
- Premium Statistic Credit card transaction value South Korea 2002-2023
- Premium Statistic Most used financial products in Turkey 2023
- Premium Statistic Payments at points of sale by type in Turkey 2023
- Premium Statistic Payments at points of sale by type in Nigeria 2023
- Premium Statistic Payments at points of sale by type in Morocco 2023
- Premium Statistic Payments at points of sale by type in Japan 2024
About the region
10
- Premium Statistic Share of retirement account assets managed by mutual funds in the U.S. 1995-2021
- Basic Statistic Average retirement account balances of Americans between 50 and 64, by pension plan
- Premium Statistic Most common insurances by type in the U.S. 2024
- Premium Statistic Most used financial products in the U.S. 2024
- Premium Statistic Payments at points of sale by type in the U.S. 2024
- Premium Statistic Most common online payments by type in the U.S. 2024
- Premium Statistic Value of retirement assets in the U.S. 1995-2022, by type
- Premium Statistic NPS of selected insurance segments in the U.S. 2020-2022
- Premium Statistic NPS of insurance brokers in the U.S. 2014-2022
- Premium Statistic Total assets of Unum 2013-2022
Other regions
10
- Premium Statistic External finance used by SMEs in the United Kingdom 2019-2022, by finance type
- Premium Statistic Commercial bank branches per 100,000 adults in Portugal from 2012-2021
- Premium Statistic Most popular online payment methods in 5 countries in Africa 2022
- Premium Statistic Remittance costs for 200 USD in 20 countries in Latin America as of Q3 2023
- Premium Statistic Number of people with GESSI coverage in Taiwan 2012-2022
- Premium Statistic Number of electronic card transactions New Zealand 2018-2023
- Premium Statistic Share of life insurance premiums written Thailand Q2 2023, by category
- Premium Statistic Payments of insurance business in Chongqing 2012-2022, by type
- Premium Statistic Latin America: most funded insurtech companies 2022
- Premium Statistic Leading life insurance companies Myanmar 2020, by number of policies
Related statistics
10
- Premium Statistic Commercial bank branches per 100,000 adults in Slovakia from 2012-2021
- Premium Statistic Commercial bank branches per 100,000 adults in the Czech Republic from 2012-2021
- Premium Statistic Commercial bank branches per 100,000 adults in Sweden from 2012-2021
- Premium Statistic Commercial bank branches per 100,000 adults in Denmark from 2012-2021
- Premium Statistic Commercial bank branches per 100,000 adults in Spain from 2012-2021
- Premium Statistic Commercial bank branches per 100,000 adults in the European Union from 2012-2021
- Premium Statistic Commercial bank branches per 100,000 adults in Finland from 2012-2021
- Premium Statistic Commercial bank branches per 100,000 adults in France from 2011-2021
- Premium Statistic Commercial bank branches per 100,000 adults in Norway from 2008-2017
- Premium Statistic ATMs per 100,000 population in the European Union as a whole 2011-2021
Further Content: You might find this interesting as well
Statistics
Edelman. (October 10, 2018). Usage of selected financial products among Millennials in the United States in 2018 [Graph]. In Statista. Retrieved May 19, 2024, from https://www.statista.com/statistics/1025052/usage-financial-products-millennials-usa/
Edelman. "Usage of selected financial products among Millennials in the United States in 2018." Chart. October 10, 2018. Statista. Accessed May 19, 2024. https://www.statista.com/statistics/1025052/usage-financial-products-millennials-usa/
Edelman. (2018). Usage of selected financial products among Millennials in the United States in 2018. Statista. Statista Inc.. Accessed: May 19, 2024. https://www.statista.com/statistics/1025052/usage-financial-products-millennials-usa/
Edelman. "Usage of Selected Financial Products among Millennials in The United States in 2018." Statista, Statista Inc., 10 Oct 2018, https://www.statista.com/statistics/1025052/usage-financial-products-millennials-usa/
Edelman, Usage of selected financial products among Millennials in the United States in 2018 Statista, https://www.statista.com/statistics/1025052/usage-financial-products-millennials-usa/ (last visited May 19, 2024)
Usage of selected financial products among Millennials in the United States in 2018 [Graph], Edelman, October 10, 2018. [Online]. Available: https://www.statista.com/statistics/1025052/usage-financial-products-millennials-usa/