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Geezer Cards

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More than 75% of American “Geezers” have at least one credit card, with 23% holding two cards, and 20.7% who pack four or more credit cards. More than one third of seniors (aged 60+) say they do not know what identity theft is or where to find financial information online. According to a recent survey conducted for Capital One, “Boomers” (34.4%), and seniors (33.2%), both said they would turn to their credit card company for advice on using credit wisely. More than one-third of seniors do not know what identity theft is while most Boomers (81.7%) are aware of it. Cap One also found that one-quarter of all Boomers surveyed said they have four or more credit cards, 21% said they have no credit cards and 18.4% said they have one credit card. One-quarter of all women surveyed said they have four or more credit cards while most men (24.1%) said they only have two credit cards.

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