(CNN) — Two separate surveys of financial habits find moves by millennials could hurt their bottom line, down the line.
An analysis of retirement savings by Fidelity found one in four workers overall left money on the table by leaving a job before they were vested.
Thirty-seven percent of millennials forfeited employer contributions to their 401k on their way out the door, compared to 11 percent for baby boomers, mostly because those younger workers tend to job hop.
Another survey from Bankrate.com found more than six out of 10 millennials don’t have a credit card. Some take advantage of debit cards, some simply worried about debt they already have.
Jeanine Skowronski, Bankrate.com credit card analyst, said “this is a generation that grew up in an economy that wasn’t doing so hot. They were looking for a job in not the best job market, and they have tons of student loan debt, and they’re just really reluctant to take on any further debts that could contribute to their financial woes later on.”
Even though avoiding debt now is a responsible financial move, avoiding credit could hurt later.
“On an individual level, millennials could be making it a lot harder on themselves to get financing later on,” Skowronski said. “To get credit, you need to build credit. A credit card is a good, fast way to do that.”
A solid credit history can help when it’s time to apply for a car loan, a mortgage, even insurance policies.