Letters to the Editor
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Interesting article
I personally wish we would educate younger consumers on the risks of credit cards. I got mine when I started college and I'm still paying it off and still have quite a ways to go. True, most of it was used for books and supplies, but a good amount was frivolous. It feels like free money when you're younger and you're sure that you'll get an awesome job right away and pay it off in one crack.
The CD analogy is apt. If I knew in college that the CD I kind of wanted would end up equaling $200 or the couple of drinks before finals would end up being $50 after interest and fees, I probably would have been more prudent in my spending.