Millennials’ wariness of debt has made prepaid cards an increasingly popular item in their budgeting toolbox. According to a survey by TD Bank, Millennials are more likely than other groups to have had a reloadable prepaid card in the past two or three years, and 60% would consider using one. 56% of Millennials feel one of the biggest benefits of prepaid cards is the ability to track spending. AmEx’s prepaid service, Serve, reports that 54% of its customers are under 35-years-old. (AdAge)
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