What college students should know about their first credit card
College Students Get Smarter About Credit Cards: A recent report from USA Today reveals that college students show increased financial savvy regarding credit card usage. The article highlights a shift in attitudes, with more students treating credit cards as tools for building credit rather than avenues for frivolous spending. This change is attributed to improved financial literacy efforts on campuses and the impact of the 2009 CARD Act, which implemented stricter regulations on credit card marketing to students. The data suggests a decline in credit card ownership among college students, indicating a positive trend toward responsible financial habits and long-term financial health.
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