Fact 1: In 2004 in the United States, the average credit debt per household is $9312 (was $4301 in 1994).
Fact 2: 53% of adults carry three or more credit cards, 3% have more than eleven cards, and 7% have no credit cards.
Fact 3: Each month, the average payment is 18% of the card debt amount.
Fact 4: Among college students, the average credit card debt is $2400, with 14 % of them having a debt greater than $5000.
Rather than pose a question for your students (which would be easy given the above rich data), I suggest that they take one (or all) of these on-line credit card quizzes. They can be revealing and informative:
I hope your students do better on these quizzes than I did!