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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