Is your college-aged child racking up debt? If they are in college, it's likely happening. But they're also paying it off slower, according to a study conducted by Ohio State University.
The study suggest that younger adults might continue to add up credit card debt into their 70s. Many, the study says, will die still owing money on their credit cards. And that, on average, 5-thousand dollars more in credit card debt than their parents did at their age.
Quincy University Sophomore Tim Hill has his own credit card, but he said he doesn't always realize how much he's spending until the bill comes in the mail..
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