College students and credit card debt—parents at fault?
Thursday, October 18, 2012 - 11:02
in Psychology & Sociology
Parents need to be good role models to help their children make sensible financial decisions, according to Adam Hancock and his team, from East Carolina University in the US. Their work highlights that parents who argue about finances contribute to increasing credit card debt among their children during their student years. Their work is published online in Springer's Journal of Family and Economic Issues.