P.O. Box 3447
Little Rock, AR 72203

Credit Cards: What You Need to Know About the Trillion Dollar Debt


Jeannette Bennett

Federal Reserve Bank of St. Louis

Did you know the U.S. credit card balances have reached over $1 trillion?  And how much is a trillion anyway? How do credit cards work and what is a cardholders' responsibility for understanding the cost of credit, credit card disclosures and credit card statements? The age of the credit card brings many questions that need answers. Prepare yourself and your students for a better financial future with knowledge along with thinking skills, and applied reading and math.

Target Audience: 6-8, 9-12

 

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