Page 22 - Payne Research Center ~ Money Matters

P A YN E C E N T E R . OR G
THEME 2
Student Debt and Credit Cards
Findings
A substantial portion of students surveyed reported carrying some form of debt, primarily for education and credit cards. 55% of responses reported education as a debt and 23% indicated credit card debt. Debt is not inherently good or bad; it depends on how it is managed and utilized. Productive debt, such as education debt, can be considered an investment in one’s future, while consumer debt can be costly and weigh someone down.
Pay the minimum or less than full statement
Pay the full Balance every month
Do not use credit card
Figure 2
Credit Card Payment Habits by type
How do you pay your credit cards?
Source:
Financial Well-Being Survey
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