Questions remain, however, as to what factors enable college students to manage credit card use despite their relative inexperience in the credit market. Economic theory proposes that consumers require knowledge to make utility maximizing choices. The purpose of this study was to examine the role that knowledge of personal fnance concepts and principles may play in college students’ decision to revolve a credit card balance and in the level of balance revolved. In this study, credit card revolvers were defned as respondents who did not pay their credit card balance in full at the end of the month. Study fndings can broaden the understanding of factors infuencing student credit card use and may be useful for consumer educators and policy makers that are interested in helping college students learn how to manage credit effectively.本文来自辣.文~论^文·网原文请找腾讯324,9114
Review of Literature
Credit Card Usage Among College Students Demographic Trends:
A number of recent studies have examined the character-istics, attitudes, and behaviors of college students who usecredit cards (see Lawrence, Christofferson, Nester, Moser,Tucker, & Lyons, 2003 as well as Lyons, 2004 for a re-view of this research). These studies reveal some general trends about college students and credit card use. Gender differences in credit card use exist. Female students were more likely than male students to have a credit card (Arm-strong & Craven, 1993; Lawrence, et al., 2003). Typically they also held more debt than male students (Micomonaco, 2003). In prior research, females have tended to display lower scores than males on measures of personal fnancial knowledge (Chen & Volpe, 1998, 2002; Jones, 2005; Lusardi & Mitchell, 2005; Borden, Lee, Serido, & Collins, 2008).会计电算化实训心得报告
Evidence suggests that there is little difference in terms of credit card ownership based on college students’ ethnicity. In a study of Louisiana college students, Lawrence et al. (2003) noted that 45% of card holders were Caucasian,23% were African American, 19% were Asian, about 6% were Hispanic and the remainder were Native American or other race and ethnicities. These percentages refected the race and ethnic distribution in the overall student body suggesting that ethnicity was not a factor in distribution of credit card holders on that campus. There is some prior research, however, that indicated that minority students are more likely to be fnancially at risk when compared with other students (Lyons, 2004).
Parental income is a key indicator of a student’s accustomed lifestyle, social class, resources and opportunity to learn about management of money. According to one
report, about 14% of students came from families with an annual household income under $50,000 (Draut & Silva, 2004). Draut & Silva (2004) found that students from