Millennials’ wariness of debt has made prepaid cards an increasingly popular item in their budgeting toolbox.

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)