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Direct linkGodfrey, Neale S. – Education Digest: Essential Readings Condensed for Quick Review, 2006
According to Senator Daniel Akaka, sponsor of the 2004 Credit Card Minimum Payment Warning Act, 45% of college students are in credit card debt, with an average debt of US$ 3,000. Moreover, 150,000 young adults between the ages of 18-24 declared bankruptcy last year. In this article, the author describes how financial literacy can educate young…
Descriptors: Money Management, College Students, Debt (Financial), Credit (Finance)
Peer reviewed
Download full textRouse, Cecilia Elena; Barrow, Lisa – Future of Children, 2006
Although education pays off handsomely in the United States, children from low-income families attain less education than children from more advantaged families. In this article, Cecilia Elena Rouse and Lisa Barrow investigate why family background is so strongly linked to education. The authors show that family socioeconomic status affects such…
Descriptors: Family Characteristics, Educational Attainment, Socioeconomic Status, Social Mobility
