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Jim is a college senior with $50,000 in student loans. he earned $2,000 last year. he has no savings so he charged a $5,000 vacation on his credit card. how would you characteri…

Jim is a college senior with $50,000 in student loans. he earned $2,000 last year. he has no savings so he charged a $5,000 vacation on his credit card. how would you characteri…
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Jim is a college senior with $50,000 in student loans. he earned $2,000 last year. he has no savings so he charged a $5,000 vacation on his credit card. how would you characterize jim's use of credit?

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User Gia Duong Duc Minh
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7.2k points

1 Answer

4 votes
It is irresponsible use of credit because his current income is too low. Hope I helped!
answered
User Renier Botha
by
7.9k points
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