Answer: 30%

Questions:

• If a friend asked you for advice about credit cards, what would you tell them?  
• What is the first word that comes to mind when you hear the word “credit card?”
• How have you learned about credit cards?
• When do you anticipate getting a credit card?

Click here for the ready-to-go slides for this Question of the Day that you can use in your classroom.

Behind the numbers (Credit Cards Explained)

Nearly half of the 2,500 respondents answered they’ve never gotten a proper education on credit cards, an alarming data point given the prevalence and importance of credit in consumers’ lives.

About the Author

Tim Ranzetta

Tim's saving habits started at seven when a neighbor with a broken hip gave him a dog walking job. Her recovery, which took almost a year, resulted in Tim getting to know the bank tellers quite well (and accumulating a savings account balance of over $300!). His recent entrepreneurial adventures have included driving a shredding truck, analyzing executive compensation packages for Fortune 500 companies and helping families make better college financing decisions. After volunteering in 2010 to create and teach a personal finance program at Eastside College Prep in East Palo Alto, Tim saw firsthand the impact of an engaging and activity-based curriculum, which inspired him to start a new non-profit, Next Gen Personal Finance.