Credit Education Needed

For some Ohioans, use of credit cards is a carefully planned luxury — perhaps used to ensure the accumulation of lots of airline or hotel points — for purchases that can be paid off within a month or two.

But for Buckeye State residents between the ages of 18 and 34, a recent analysis of Federal Reserve data shows the use of credit cards feels like a necessity — and one that is causing them to rack up higher-than-average levels of debt. Along with those high levels of debt come high levels of delinquency, according to a report on the data by the Ohio Capital Journal.

Ohio ranks 16th in the nation for severe credit card delinquency — 17.1% of young people had that status in the first quarter of this year. Are we working to educate and support young adults while we develop policies that di