Another generation of minimum payment makers?
I was sent a link to this list of "50 Things We Know Now (That We Didn't Know This Time Last Year)," which is a brief summary of dozens of news stories from 2006. This is an interesting list, especially if you have some time on your hands.
Check out the financially-related #27:
27. Of the 10 percent of U.S. teens who uses credit cards, 15.7 percent are making the minimum payment each month.
So does this mean that the other almost 85% pays in full every month? That's wonderful if it's true.
Or does it mean that the other 85% are paying less than the minimum payment or skipping payments altogether? This is ghastly if it's true.
I hate incomplete summaries.
Check out the financially-related #27:
27. Of the 10 percent of U.S. teens who uses credit cards, 15.7 percent are making the minimum payment each month.
So does this mean that the other almost 85% pays in full every month? That's wonderful if it's true.
Or does it mean that the other 85% are paying less than the minimum payment or skipping payments altogether? This is ghastly if it's true.
I hate incomplete summaries.
posted by The Divine Miss M | 1:09 PM
1 Comments:
I think it means that some are making late payments, some make payments in full and others are making more then the minimum.
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