College students' credit card debt and the role of parental involvement: Implications for public policy

Authors
Palmer, TS Pinto, MB Parente, DH
Citation
Ts. Palmer et al., College students' credit card debt and the role of parental involvement: Implications for public policy, J PUBL POL, 20(1), 2001, pp. 105-113
Citations number
37
Categorie Soggetti
Economics
Journal title
JOURNAL OF PUBLIC POLICY & MARKETING
ISSN journal
07439156 → ACNP
Volume
20
Issue
1
Year of publication
2001
Pages
105 - 113
Database
ISI
SICI code
0743-9156(200121)20:1<105:CSCCDA>2.0.ZU;2-V
Abstract
Federal legislation has been proposed that would require parents/guardians to act as co-obligors on college students' credit card applications. This s tudy supports the assumptions underlying the proposed legislation, suggesti ng that students whose parents are involved in their acquisition of credit cards have significantly lower credit card balances than do students with n o parental involvement.