Are college students the heaviest users of consumer debt?

Answer Several studies have been conducted regarding the usage of credit cards and who the credit card companies target with offers. These studies do not specifically state that college students are the h... Read More »

Top Q&A For: Are college students the heaviest users of cons...

Why Do College Students Fall Into Credit Card Debt?

According to Sallie Mae, about 84 percent of college students owned at least one credit card in 2008--up from 76 percent in 2004. By the time the average student graduates from college, he will acc... Read More »

Tips for College Students to Avoid Credit Card Debt?

Many college students, eager to spread their wings and make their own financial decisions, inadvertently fall into the trap of credit card debt. As a college student, you can greatly improve your f... Read More »

What Is the Average Consumer Debt?

The consumer debt for the U.S. is now over $2.43 trillion, based on a report by the Federal Reserve. This comes out to an average of about $21,900 per household.Source: Read More »

What Is Primary Consumer Debt?

Primary consumer debt is a financial term for the type of debt consumers accrue by purchasing basic items for daily life. It describes the costs to individual consumers, not businesses or governments.