Senior VP of Citi Discusses Financial Life After Graduation!

Results of the fourth annual Citi Credit Synovate online survey of more than 1,000 college upperclassmen reveal that while they are practicing better credit management behaviors, they still have room for improvement. Only half of today’s upperclassmen are confident about their ability to handle their financial responsibilities after graduation. The good news is that they believe credit card education is beneficial, and express a desire to increase their personal understanding of sensible credit management. While most upperclassmen (76%) insist that they consistently pay their bills on time, about half acknowledge that they could do a better job of managing daily spending. 92% of upperclassmen feel that credit card education is very important for college students. More than half (53%) want to increase their understanding of sensible credit management. Although college upperclassmen adopt high occupational and financial expectations after earning their diploma, they will rely more on their parents for financial guidance and support. Six in 10 seniors expect full-time employment within 3 months of graduating. 59% of seniors expect to make at least $30,000 annual income right out of college, and nearly one-third (32%) anticipate earnings of at least $40,000. Nearly half surveyed are likely to ask their parents for assistance if they were unable to meet financial obligations: 6 out of 10 seniors expect financial aide from parents during the first few years following college, and 1 in 5 plans on moving back home. Three out of four (76%) rely on their parents for financial information. For more information, visit: http://www.Students.UseCreditWisely.com