"Millennials and Gen-Z are Managing Credit with Technology" - Leo Goriev

The card business in the U.S. is very old and needs to be disrupted as move towards a more digital economy. 70% of millennials are living paycheck to paycheck, but millennials have more experience with managing financials with technology. Gen-Z users had fewer missed payments than all generations, and the average credit score rose by 13 points to 654 in 2020. The influence of the improving economy can already be seen in the $100 billion rises in credit card payment volume between the second and third quarters of 2020, compared to $80 billion for debit cards.