Oregon Daily Emerald: Shopping the Pain Away
AFFIL appeared in this article by Norma Simon February 8, 2008:
As America continually progresses as a societybased on material desires, it becomes apparent how compulsive shoppinghabits and the repercussions, especially regarding credit card debt,affect many college students, including some at the University.[…]
While some compulsive andfrequent shoppers don’t get into serious financial trouble, manystudents are enticed by the promise of credit cards that give them whatthey consider free money. According to Americans for Fairness inLending, a group concerned with credit card companies targeting collegestudents, 83 percent of college students had a credit card in 2001,three-fifths of college freshmen max out their credit cards and, onaverage, credit card balances for college students have increased by134 percent over the past 10 years.