New Study: Young Credit Card Users Are MORE Responsible

If you think young people don't know how to manage money and pay down their credit cards, then you should think again. A new study from the W. P. Carey School of Business at Arizona State University and the Federal Reserve Bank of Richmond shows young borrowers -- 18 to 25 years old -- are among the least likely credit card users to have a serious default on their cards. Not only that, they're also more likely to be good credit risks later in life.

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