Journal of Family and Economic Issues

, Volume 31, Issue 2, pp 151–160 | Cite as

Credit Card Ownership Among American High School Seniors: 1997–2008

  • Robert H. ScottIIIEmail author
Original Paper


The purpose of this study is to investigate the rise in credit card ownership rates among high school seniors in the United States. It uses the Jump$tart Coalition’s cross-sectional surveys from 1997 to 2008 to analyze the determinants of credit card ownership among high school seniors. These results show that students with credit cards are less financially literate than students without credit cards; and students with credit cards in their own names are almost twice as likely to work during the school year for money. These findings help make a case for improved financial education and training, and institutional changes that limit the pervasive issuance of credit cards to high school students.


Credit cards Debt Financial literacy High school Jump$tart Coalition 


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Copyright information

© Springer Science+Business Media, LLC 2010

Authors and Affiliations

  1. 1.Department of Economics and FinanceMonmouth UniversityWest Long BranchUSA

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