Personal Financial Behavior: The Influence of Quantitative Literacy and Material Values
Some consumers finance discretionary spending at extremely high interest rates. Many carry substantial balances on their credit cards at effective annual rates as high as 36 percent, and some pay annual rates on “pay day” loans as high as 400 percent. High interest debt can rapidly cascade into an o...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
National Numeracy Network
2013-01-01
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| Series: | Numeracy |
| Subjects: | |
| Online Access: | http://dx.doi.org/10.5038/1936-4660.6.1.3 |