Credit Cards: The Trillion-Dollar Debt

With record-level credit card debt in the headlines, this December 2023 issue of Focus on Finance addresses credit card history, statistics, and usage, as well as reasons for the increase in credit card debt. The information in the article can help in managing credit card accounts, and students will better understand the economics of using revolving credit as they prepare to become cardholders!

Teachers: Visit the Reading Q&As in our Econ Lowdown Teacher Portal to find the teacher edition (including an answer key) for this issue; to assign an online version of the student materials; and to collect student scores on the questions.

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Keep your students in the know on timely economic issues with Page One Economics. Page One Economics provides a simple, short overview of a current economic event that offers students an opportunity to use close reading strategies. The Teacher’s Guide includes student questions and a teacher answer key, plus additional resources and lesson ideas for classroom, extra credit, or make-up assignments. You can subscribe via RSS feed or email.


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Education Level: 9-12 College
Subjects: Economics AP Economics
Concepts: Interest Types of Saving Lenders/Borrowers
Resource Types: Publication
Languages: English
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