How To Keep Your Financial Life Healthy By Monitoring Your Credit

Posted by Sian Phillips under Finance
From http://tweakyourbiz.com 4060 days ago
Made Hot by: fundpr on March 12, 2013 9:26 am

By Joy Mali

Maintaining a healthy financial life can be quite challenging for the young and old alike. However, based on a study published in the January 2013 issue of the journal Economic Inquiry, younger people are not only taking on comparatively more credit card debt than their elders, but they are also paying it off at a slower pace.

The study shows that the younger generation’s payoff rate of their debt is approximately “24 percentage points lower than their parents’” and roughly 77 percentage points lower than their grandparents’ rate.