Credit union industry executives agree with new research that suggests young adults carry less credit card risk than their elders.
The research comes in a July study authored by researchers from the Federal Reserve Bank of Richmond and Arizona State University.
Researchers found individual card holders between the ages of 40 and 44 are 12% more likely to go seriously delinquent on a credit card than a 19-year-old cardholder. The researchers defined serious delinquency as being more than 90 days late.
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