Student Credit Card Usage and the Perceived Importance of Financial Literacy Education
Abstract: This research had two major goals: the first, to identify credit card usage patterns in an undergraduate population and second, to assess the degree to which undergraduates believed that systematized instruction at the college level in personal financial management was a worthwhile goal. The results indicated that undergraduates at a public, urban, undergraduate-only college in the Western US viewed financial literacy education as a very valuable and desirable addition to their curriculum, especially with respect to managing credit card debt, budgeting and paying for college. Implications of the findings are discussed.