Word: credited
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Dates: during 1990-1999
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This willingness among college students and young adults to spend so freely--while not necessarily a new development--has been aggravated by the more prominent role credit cards play on campuses...
...researching his recently-released report entitled "Credit Cards on Campus: Costs and Consequences of Student Debt, " Georgetown University sociologist Robert D. Manning says he found that mass marketing has helped hasten major changes in consumption patterns...
Manning contrasts the situation today with a time in America when people set their personal standards of living to their expected earnings. A glut of easily accessible credit has changed that, he says...
...credit card industry has tried to fracture that cognitive connection," he says...
...marketing credit cards as comprehensive lifestyle enhancers--complete with celebrity spokespeople such as comedian Jerry Sienfeld and golf star Tiger Woods--rather than just convenient tools of purchase, Manning says credit card companies are hooking more and more young people. Credit card companies, he says, are bringing about a "cultural revolution...