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News, Advice, and Tips for Parenting Teenagers

The By Parents For Parents Blog is regularly updated with the latest news and information on topics that relate to parenting teenagers. We'll post parenting advice and tips from trusted online news sources and expert parenting columns.

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Tuesday, December 11, 2007

American Teens have Casual Attitude Toward Credit Cards and Debt

Thirty percent of today's teens are already in debt and a majority believes that credit cards are easier to use than cash, according to a new study from the Charles Schwab brokerage house.

Schwab conducted a survey of American teens and found that the majority have casual attitudes toward using credit cards. In addition, seventy percent reported that their parents or guardians were not concerned with teaching them about smart money management.

Some studies have demonstrated that using credit cards increases the amount of money spent at any given time. For example, McDonalds found that adults spend 47% more in their restaurants if they use credit cards instead of cash.

Labels: attitudes, money, responsibility

posted by ByParents-forParents at 8:46 PM

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Tuesday, December 11, 2007

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