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, responsibility, money
Posted By: Aspen Education Group