Small Business is our Business

An April 2016 Experian College Graduate Survey looked at credit card usage among soon-to-be graduates.  The results—-

*58% have a credit card

*30% of credit card debt with an average balance of $2,573.

*47%  know their credit score

*The  average number of cards 1.35

*Average monthly charges are $531

Reasons for having a credit card include——

*26% parents/guardians suggested they get a card

*25% needed an easy way to shop

*25% wanted a way to make purchases without carry cash

*22% wanted  easy access to emergency funds

 

 

 

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