Infographic Of The Day: College Students Spend Their Student Loan Cash On Some Pretty Dumb Stuff
41% of non-educational loan money is spent on things like rent and cell phone bills, which definitely makes sense. After that, things get a little bit more frivolous. 15% is spent on clothing, while 12.8% is spent on restaurants and take-out, while 2.8% is spent on alcohol and drugs.
Source: http://econintersect.com/pages/infographics/infographic.php?post=201707170537
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