90% of College Students Carry a Credit Card Balance
When it comes to credit cards, most college students are clueless.
At least that’s the conclusion we can draw from this new survey by the International Journal of Business and Social Science, put together in a handy infographic from Credit Sesame.
The infographic (below) shows that not only are the vast majority of student credit card holders unaware of the interest rate and late charges on their cards, but also that a solid 90% of students surveyed have “some indeterminate amount of credit card debt each month.”
So they have debt, but don’t know how much? Uh-oh.
While we work on counteracting that spike in blood pressure (breathe in, breathe out), check out the rest of the survey results: