Business

A Third of Millennials Have Never Had a Credit Card

Published

11 years ago

April 15, 2015

In this March 5, 2012, file photo, consumer credit cards are posed in North Andover, Mass. The three largest credit reporting agencies will change the way they handle records in a major revamp long sought by consumer advocates. The changes were announced Monday, March 9, 2015, after talks between Equifax, Experian, TransUnion and New York Attorney General Eric Schneiderman. (AP Photo/Elise Amendola, File)

In this March 5, 2012, file photo, consumer credit cards are posed in North Andover, Mass. (AP Photo/Elise Amendola, File)

(USA Today) – In a society where tens of millions rely on a credit card to shop or pay bills, a new survey out Wednesday reveals that more than a third of Millennials have never had one.

According to CreditCards.com, 36% of Americans between the ages of 18 and 29 have never had a credit card.

That may be due in part to a 2009 law that whittled away the near-ubiquitous offers of credit to college students, says Matt Schulz, senior industry analyst at CreditCards.com.

Those reforms stated that those under age 21 had to prove their income or get parental permission in order to obtain a credit card. “That’s very different from the past,” Schulz says. “I know when I was in college, every dorm mailbox was overrun with credit cards, and you had banks and credit card issuers handing out pizzas and Frisbees to get people to sign up.”

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Black History

After 10-Year Wait, Fillmore Heritage Center Reopens in San Francisco

After serving as the economic and cultural hub of the Fillmore’s historically Black community for more than a decade, the closure of the center ended what was called the “Rebirth of the Cool,” referring to the neighborhood’s role during the height of Black Jazz in the United States.

Published

2 minutes ago

June 10, 2026

bpusa-syndication

By
Linda Parker Pennington

Special
to The Post

Last
Saturday morning, the cloudy skies cleared just as the highly anticipated
ribbon-cutting ceremony began, marking the reopening of the Fillmore Heritage
Center at 1330 Fillmore and Eddy.

The complex – which had once included Yoshi’s
Jazz Club, the Lush Life Art Gallery, the Koret Heritage Lobby, a 54-seat
microcinema, and the Black-owned 1300 On Fillmore restaurant – shuttered in
2015.

After
serving as the economic and cultural hub of the Fillmore’s historically Black
community for more than a decade, the center’s closure ended what was
called the “Rebirth of the Cool,” referring to the neighborhood’s role during
the height of Black Jazz in the United States.

“The
Fillmore is the most important neighborhood in San Francisco’s history for
centering Black culture, music, business, and community, and has shaped this
City and influenced the entire country,” said San Francisco Mayor Daniel Lurie
to the gathering of more than 100 community leaders, business owners, and public
officials. “This building reflects the deep roots of the Fillmore. Urban
renewal left deep scars that are still felt today. This Center celebrates a
strong Black community that continues to shape San Francisco. I am proud to
join the community as we reopen the Fillmore Heritage Center.”

San Francisco Mayor Daniel Lurie announcing the reopening of the Fillmore Heritage Center. Erika Scott, owner of Honey Art Studio, looks on with pride. Photo by Linda Parker Pennington.

Although
the previous stakeholders will not be returning to the center, spaces are available for nonprofit organizations and ventures, such as Fillmore native Ericka Johnson’s Honey Art Studio.

“This
Center will be an economic engine and a thriving venue that shines a light on
the Black-owned businesses in this neighborhood and lifts the entire district,”
Lurie continued. “Our City is committed to this community for the long term.”

“We’re
excited to collaborate with the City to finally reopen these doors,” said Ken
Johnson, a videographer and community leader who’d been lobbying for the
reopening of the center. “It’s an opportunity to showcase the entrepreneurship
and creative spirit of this ‘Harlem of the West’ and the ‘Rebirth of the Cool,’
grounded in our uniquely gifted Fillmore community.”

Through its Office of Economic and Workforce Development, the city will begin this month renting the building’s noncommercial spaces for pop-up events that celebrate local talent, arts, and entertainment primarily centered in the Fillmore.