PSA Video: Life Lessons: Credit Card Debt
This video conveys that credit card bills cannot be simply ignored. Consider pairing the video with classroom discussion questions and a role-play activity from the “It’s Your Paycheck” curriculum, which covers creditors’ criteria and borrowers’ rights and responsibilities.
Watch the “Life Lessons: Credit Card Debt” video
Classroom Discussion Questions
- What choice did the main character make over and over again?
- Why do you think the main character is throwing away his credit card bill?
- What do you think the video is trying to tell you about credit card bills?
- If you were the main character, what would you do differently?
Accompanying Activity
- It's Your Paycheck Lesson 7: Creditors' Criteria and Borrowers' Rights and Responsibilities includes a role-play activity to identify and discuss the rights and responsibilities of using credit.
CEE National Standards for Financial Literacy
- Standard 2: Buying Goods and Services
- Standard 4: Using Credit
Additional Federal Reserve Education Materials
- Cards, Cars, and Currency Lesson 2: The Credit Card Deal
This online personal finance lesson helps students understand the terms of credit cards and recognize what it means to use credit cards responsibly.
- Infographic: Why Is Good Credit Important?
This infographic helps students understand credit history, credit reports, and credit scores.
- 5E Navigator – Credit Reports: Have You Check Yours Lately?
This publication explores the underlying economics of credit reports and provides a road map for resolving credit report errors.