Shocking youth financial literacy stats during the crisis from NEFE

During the economic crisis:

 

· The average credit card balance in students rose 60 percent…

· Student loan balances increased by 90 percent…

· Three times as many students cut back on classes…

· Student trust in financial institutions declined by 40 percent…

· There was a 25 percent increase in students using one credit card to pay off another.

 

For more information on NEFE go to www.nefe.org/aplus

Share the Post:

Recent Posts