DATA CRUNCH: When Do College Students Use Credit Cards
- What percent of current college students use their credit cards in emergency situations, only?
- What is the number one category of spending across all three populations?
- What category of credit card spending has the greatest difference between Completers and Non-completers? What is that difference?
- Compare and categorize the types of spending Completers do more on credit versus the types of spending Non-completers do more using credit.
- Hypothesize why the category for big-ticket items is substantially smaller for the Students than for the other two groups.
EDPUZZLE: Credit Card Debt Explained As you’ve seen, college students use credit cards for a wide variety of purchases. But, what happens if they (or anyone) spend way too much using credit? Watch this video and follow your teacher’s directions to answer the questions on your worksheet.
VIDEO: 100 People Talk About Debt
Would you take on debt to finance a vacation? To pay for college? To buy a used car? To buy a new car? As you watch these individuals talk about how much debt they have, think about how life circumstances, values, and decision making all impact attitudes toward debt. Then answer the questions on your worksheet.
LEARNING TARGETS:
- I can explain why a person may need or want to use credit.
- I can explain how a credit card works in terms of making purchases and managing payments.
- I understand how interest is charged and how to avoid or minimize it.
