College students' credit card debt and the role of parental involvement: Implications for public policy

Todd Starr Palmer, Mary Beth Pinto, Diane H. Parente

Research output: Contribution to journalArticle

54 Scopus citations

Abstract

Federal legislation has been proposed that would require parents/guardians to act as coobligors on college students' credit card applications. This study supports the assumptions underlying the proposed legislation, suggesting that students whose parents are involved in their acquisition of credit cards have significantly lower credit card balances than do students with no parental involvement.

Original languageEnglish (US)
Pages (from-to)105-113
Number of pages9
JournalJournal of Public Policy and Marketing
Volume20
Issue number1
DOIs
StatePublished - Jan 1 2001

All Science Journal Classification (ASJC) codes

  • Business and International Management
  • Economics and Econometrics
  • Marketing

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