From Credit Card Cool - Teens Failing to Understand the Perils of Credit
There have been some fascinating results emanating from the eighth annual poll on Teens and Personal Finance by Junior Achievement Worldwide. Most of the evidence seems to indicate that teenagers are often developing dubious credit habits.
One of the key tenets of the report suggests:
“Many teens seem to be taking advantage of parental responsibility for minors’ debts by not bothering to learn how to manage their credit card’s monthly payments,”
i.e the bank of mummy and daddy jump in to help - and the kids know it!
Interesting stats coming from …
Posted by thecredi |
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