New Zealand baby boomers - those kiwis aged between 44 and 62- have renewed their fondness for credit cards, with inquiries surging about 27 per cent in the first 10 months of 2011.
Overall consumer credit card inquiries rose an annualised 3.7 per cent and gained about 6 per cent in the month of October, credit information company Veda said in a statement.
Credit card inquiries for Gen X, aged 28-43, increased 3.3 per cent and Gen Y, 28 and under, rose 5.6 per cent.
"We are continuing to witness a sharp change in consumer attitude towards credit compared with pre-global financial crisis appetites," said John Roberts, Veda's managing director.
Baby boomer applications for credit cards rose about 10 per cent in October, the most for any age group.
