Tag Archives: young adults

US News Credit Card Advice for Young Adults

13 Mar

In prior posts, we have studied such aspects of credit as these. What’s in Your Wallet? Cash, Credit Card, Debit Card? Do YOU Understand YOUR Credit Report? And now, we look at credit for young adults. Hence, US News credit card advice for young adults .

US News & World Report is a highly credible source that offers recommendations across a wide range of categories. It even runs a Web site called Rankings & Advice. At that site, education, health, money, travel, cars, and law are covered.


US News Credit Card Advice for Young Adults

Last month, US News reported the results of a survey on credit cards and young adults. And it offers a lot of good advice in such categories as these:

 “U.S. News ran a nationwide survey of 1,427 college students who own credit cards, asking them about their credit card habits and knowledge. The results conveyed that many students don’t have adequate knowledge of credit cards and aren’t currently using best practices needed to build a strong financial foundation.”

Consider these charts.

“Forty-four percent of respondents weren’t educated by their parents or teachers on important topics related to credit usage and management before getting a credit card.”

US News Credit Card Advice for Young Adults

“More than one third of respondents either don’t have an idea of what their credit score is or don’t know what a credit score is.”

US News Credit Card Advice for Young Adults

“46 percent either don’t know what their card’s annual percentage rate is or don’t know what an APR is at all.”

US News Credit Card Advice for Young Adults

“Nearly two thirds of respondents (64 percent) reported that they carried a balance on their card at least once in the last year, with 31 percent reporting that they carried a balance six or more times in the last year.”

US News Credit Card Advice for Young Adults

Now, click on the image below to access US News’ full battery of advice in the areas noted earlier in this section.

US News Credit Card Advice for Young Adults

(HeroImages/Getty Images)


Many Young Adults Still Live at Home

27 Oct

For a variety of reasons, young adults are more likely to live at home than ever. Among these reasons are: to finish school, to reduce spending, to save money after completing school, to begin repaying college debt, and to avoid certain household tasks.

According to the Pew Research Center, more young U.S. adults now live with their parents than before:

“In 2014, for the first time in more than 130 years, adults ages 18 to 34 were slightly more likely to be living in their parents’ home than they were to be living with a spouse or partner in their own household. This turn of events is fueled primarily by the dramatic drop in the share of young Americans who are choosing to settle down romantically before age 35.”


In industrialized countries other than the United States, how many young adults live with their parents? As Niall McCarthy reports for Statista:

“In many countries around the world, a huge proportion of young people still live at home with their parents. According to an OECD report, that trend is most pronounced in countries badly hit by the global financial crisis, particularly in Italy, Greece and Spain. 8 out of every 10 Italians aged between 15 and 29 still lived at home with their parents in 2014. In Scandinavia, youth living at home is a rarer phenomenon. In 2014, only 35 percent of young Swedish people still lived with their parents.”

Infographic: 81% Of Young Italians Live With Their Parents | Statista
You will find more statistics at Statista.


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