The effects of credit cards on low-income populations
Graduation Date
2014
Document Type
Project
Program
Other
Program
Project (M.B.A.)--Humboldt State University, Business Administration, 2014
Committee Chair Name
Carol Telesky
Committee Chair Affiliation
HSU Faculty or Staff
Keywords
Impulse purchases, Debt and mental health, Credit card debt, Humboldt State University -- Projects -- Business, Credit card use, Low-income
Abstract
Access to credit cards serves as a protection in many cases, providing an available line of credit that may be used in emergencies. Particularly in the United States, credit cards are viewed as useful and beneficial tools for consumers of various income levels. Conversely, a credit card may also place its holder at risk of making unwise or excessive purchases that exceed the individual's ability to repay credit card debt in a timely manner, and this is especially true for low-income populations. Accordingly, the availability of credit cards to individuals with low income creates benefits as well as pitfalls. This project addresses the effects of credit card use by low-income populations and reveals the negative consequences extending well beyond the expected financial ramifications. Recent attempts to improve the credit regulations have failed to mitigate these issues for the low income population.
Recommended Citation
Fuentes, Ysmael, "The effects of credit cards on low-income populations" (2014). Cal Poly Humboldt theses and projects. 2075.
https://digitalcommons.humboldt.edu/etd/2075
https://scholarworks.calstate.edu/concern/theses/sb397b32k