i am doing an essay about educating your teen aboout the danger of using credit cards.
2006-12-07 01:25:19 · 4 answers · asked by erika g 2 in Education & Reference ➔ Homework Help
I don't know the percentage, but I now a lot of teenagers spend too much too fast, causing them to have debt for most of their life. I don't personally think that they should be available to teenagers until they are 18 or 21.
2006-12-07 01:27:55 · answer #1 · answered by yaz 2 · 0⤊ 0⤋
One out of three high school seniors uses credit cards, and half of those have cards in their own names, according to a survey conducted earlier this year by the Jumpstart Coalition, which promotes financial literacy.
78% of college students have credit cards, according to student loan maker Nellie Mae, and the typical student carries a balance of $3,200. One out of 10 college students carries a balance of more than $7,800.
The proportion of bankruptcy filers under 25 has risen from under 1% in 1995 to more than 5%..
http://moneycentral.msn.com/content/CollegeandFamily/Raisekids/P40989.asp
2006-12-07 01:55:22 · answer #2 · answered by ????? 7 · 0⤊ 0⤋
Show them MY credit score...that'll scare the hell out of them
2006-12-07 01:27:38 · answer #3 · answered by Allen 4 · 0⤊ 0⤋
Start here!
http://www.bankrate.com/brm/news/cc/20000508.asp?keyword=CREDITCARDS
http://fatherhood.about.com/cs/myteensdad/a/teen_money_2.htm
2006-12-07 01:28:15 · answer #4 · answered by mpreshe 2 · 0⤊ 0⤋