Wed August 14, 2013
Credit Cards on Campus
Due primarily to financial rules enacted in 2009, far fewer college students today have credit cards, although four out of five of them now carry debit cards. Many of these students go off to school without the knowledge they need to track their spending and avoid racking up bank fees or accumulating debt. Julie Heath, director of The Economics Center at the University of Cincinnati, and Fifth Third Bank Community Reinvestment Act Market Manager Kenneth Webb discuss credit on campus and teaching teens financial literacy.