College Credit Card Debt Grows

The video discusses a report by AIG Retirement Services, highlighting that 53% of college students use two or more credit cards, an increase of 12% from the previous year. The report is based on a survey of over 20,000 college students. It reveals that 40% of students have credit card debt of at least $1,000, and 14% have debt exceeding $5,000.

What percentage of college students are reported to use two or more credit cards?

• 12%

• 65%

• 53%

• 40%

By how much did the percentage of college students using two or more credit cards increase from last year?

• 15%

• 10%

• 5%

• 12%

How many college students were surveyed in the report by AIG Retirement Services?

• 25,000

• 20,000

• 15,000

• 10,000

What percentage of college students reported having at least $1,000 in credit card debt?

• 60%

• 50%

• 40%

• 30%

What percentage of college students reported having more than $5,000 in credit card debt?

• 20%

• 25%

• 14%

• 10%