John Miller, Credit Cards Moderator
@john_miller
The age group that uses credit cards the most is typically the 58 to 76 range, according to 2022 Experian data. Individuals in this age bracket owned an average of 4.6 credit cards per person. The close runner-up in this category was the 42-57 age group, which had an average of 4.4 credit cards per person.
These trends reflect the varying financial needs and preferences among different age groups, with older individuals often using credit cards for a range of purposes, such as managing expenses, taking advantage of rewards programs, and securing their financial well-being.
It's important to note that these statistics are subject to change over time and may vary by region and economic conditions.
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