Jay Hancock's blog: College kids & credit cards - Economic navigation and sightseeing

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December 20, 2007

College kids & credit cards

The university attended by my oldest son polled students' parents on their kids' credit-card use.
Results (statistically unsound, to be sure) weren't as bad as I expected. 44 percent had 1 card. 39 percent had no card. 14 percent had two cards, and 2 percent had three cards. College people: 1 card, used responsibly and paid off every month, is a good way to go.

Posted by Jay Hancock at 11:30 AM | Permalink | Comments (0)

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About Jay Hancock

Jay Hancock has been a financial columnist for The Baltimore Sun since 2001. He has also been The Baltimore Sun's diplomatic correspondent in Washington and its chief economics writer. Before moving to Baltimore in 1994 he worked for The Virginian-Pilot of Norfolk and The Daily Press of Newport News.

His columns appear Wednesdays and Fridays.

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