Answer: See graph below for answer (From EverFi Money Matters On Campus Survey)

Questions:

• Would you expect 18 year olds at four year colleges to have more credit card debt than those at two year schools? Explain. 
• Do you think young people with credit cards expect to go into debt? Explain.
• Do you have a credit card? Why or why not?
  • If so, are you able to pay off the balance every month.
• Name one reason why you think having credit card debt is bad.

Click here for the ready-to-go slides for this Question of the Day that you can use in your classroom.

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Looking for more opportunities to teach your students about the responsible use of credit cards? Check out the NGPF Types of Credit resource page. 

About the Authors

Tim Ranzetta

Tim's saving habits started at seven when a neighbor with a broken hip gave him a dog walking job. Her recovery, which took almost a year, resulted in Tim getting to know the bank tellers quite well (and accumulating a savings account balance of over $300!). His recent entrepreneurial adventures have included driving a shredding truck, analyzing executive compensation packages for Fortune 500 companies and helping families make better college financing decisions. After volunteering in 2010 to create and teach a personal finance program at Eastside College Prep in East Palo Alto, Tim saw firsthand the impact of an engaging and activity-based curriculum, which inspired him to start a new non-profit, Next Gen Personal Finance.

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Danielle Bautista

Danielle is a native of Southern California and a recent graduate from the University of Maine, where she braved the frigid winters—a feat in and of itself—and earned her Bachelor's degree in International Affairs. She has a passion for working with non-profit organizations and serving populations in underprivileged communities. When Danielle isn't writing NGPF blog posts, spearheading various outreach projects, or managing contests and flash surveys, you can find her doing some sort of outdoor activity, learning a new hobby, or cracking what she thinks are witty puns!

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