Author Question: List three key findings from the 2009 report released by Sallie Mae that describes credit card debt ... (Read 56 times)

Jramos095 · **on:** Jul 11, 2018

List three key findings from the 2009 report released by Sallie Mae that describes credit card debt among college students.

Question 2

Why is there an increase in the number of single people in the U.S.?
a. There is a general postponement of marriage compared to previous years.
b. Many young people are no longer living together.
c. Single people have more social stigma than in the past.
d. all of these choices

alexanderhamilton · **Reply #1 on:** Jul 11, 2018

Answer to Question 1

1) The average college student has a credit card balance of more than 3,173.
2) Half of all college students have four or more credit cards.
3) Freshmen carry a median debt of 939.
4) Seniors graduate with an average credit card debt of 4,100.
5) Thirty percent of students put tuition on their cards.
6) Sixty percent of students were surprised by how high their credit card balance had gotten.
7) Only seventeen percent of students regularly pay off their credit card each month.

Eighty-two percent carry a balance month to month and pay the necessary finance charges.
9) Sixty-four percent of undergrads say they would have liked to receive some financial management education in high school.
10) Forty-five percent of students say they feel a lot of anxiety about being able to pay their monthly credit card debt.

Answer to Question 2

A