financial literacy training

People are complaining that credit card companies are poaching college students. I disagree with the proposed remedy, that people need "financial literacy training&qout;. What people need are anti-stupid pills, which would not only allow them to become credit card deadbeats, but also avoid such unnecessarily idiotic statements as:

They should put warnings on credit cards like they do on cigarettes," Rhoades says, "to make sure people know how dangerous the cards are.

Someone help, I used my credit card twice a day for 4 years without having enough income to cover my expenditures. Now I am in debt, and it's all the company's fault. Why did they give me easy access to credit? Why?! Think about that suggestion - the students are already ignoring the writing on the credit card applications, how much more likely are they to read another warning instead of just, um, ignoring it also?

I'm not defending the credit card companies when they are being evil (which, incidentally, they are quite talented at), what I am saying is that children who are attending college should not be so dumb. Shame on them. Just signing up for a card doesn't make you liable for what you do with it, and roughly half of the people who do own credit cards not only manage, they carry little to no debt month-to-month.