Majority of College Students are Current on Credit Card Bills
Equifax finds college students with credit
cards are paying their full balances each month, some with assistance
from their parents. A majority of
college students have one or more credit cards and pay off their
balances each month, according to a new survey from Equifax. Nearly
70 percent of the students surveyed have one or more credit cards, and
72 percent said they pay their balances in full each month, Equifax reports in a news release on the survey. The survey includes more than 600 college students between the ages of 18 and 24, known as “Generation Z.”
A
majority of the survey respondents with credit cards use them for
different purchases, while 16 percent said they save their credit cards
for use during an emergency. Eighteen percent of respondents who
regularly use their credit cards said their parents pay their balances
each month, and 59 percent who are not keeping up with their monthly
payments said they plan to do so within a year, according to the news
release. More info here http://bit.ly/2ceoCFd
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