In America, credit cards on campus have been a disaster, leaving students buried in debt before graduation, often with little hope of paying off the debt before high fees and interest double the amount. This research details a multi-campus survey of current American college students and their use of credit cards. In the current project, we surveyed business students across five campuses in the United States (n=725) in fall, 2009. We found significant differences between students on their knowledge of credit cards and several demographic factors. We conclude by discussing the implications for further research in this area.
This article was originally published in the International Journal of Business and Social Science.
International Journal of Business and Social Science
Date of publication
Ludlum, Marty; Tilker, Kris; Ritter, David; Cowart, Tammy W.; Xu, Weichu; and Smith, Brittany C., "Financial Literacy and Credit Cards: A Multi-Campus Survey" (2012). Accounting, Finance & Business Law Faculty Publications and Presentations. Paper 2.
Cowart, T. W. (2012). Financial Literacy and Credit Cards: A Multi-Campus Survey. International Journal of Business and Social Science, 7(3), 25–33.