Which high school students get credit cards?

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The wrong ones:

Jump$tart Coalition’s cross-sectional surveys from 1997 to 2008 to analyze the determinants of credit card ownership among high school seniors. These results show that students with credit cards are less financially literate than students without credit cards; and students with credit cards in their own names are almost twice as likely to work during the school year for money. These findings help make a case for improved financial education and training, and institutional changes that limit the pervasive issuance of credit cards to high school students.

Source: “Credit Card Ownership Among American High School Seniors: 1997–2008” from Journal of Family and Economic Issues, Volume 31, Number 2, 151-160