A New York Times editorial argued that college students are taken advantage of by credit card companies: The credit card industry has made a profitable art of corralling consumers into ruinous interest rates and hidden penalties that keep even people who pay their bills permanently mired in debt. The companies are especially eager to target freshly minted college students, who are naïve in money matters and especially vulnerable to credit card offers that are too good to be true.49
a. Do you think beginning college students are often “vulnerable” to manipulation by credit card companies?
b. Are you vulnerable to that alleged manipulation?
c. Should the federal government provide more protection against credit card deception? Explain.