Millennials first in line for prepaid cards

by: Jeff Falk

When it comes to understanding and using reloadable prepaid cards, Millennials lead the way.

A recent survey polled more than 1,300 American consumers — including some who currently use reloadable prepaid cards and some who don’t — to gain insight into consumers’ attitudes toward and experiences with the cards.

Twenty-five percent of consumers polled either currently use or have used a reloadable prepaid card in the past two to three years. Interestingly, among Millennials (ages 18-34), this proportion jumps to 33 percent.

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