Reports by Consumers

Consumers who have kids should check out this report on credit cards.

I recently read an article in the Washington Post discussing, an issue facing many individuals today, credit cards. The article describes a birthday party in which the guest of honor recieved, at age 11 no less, a prepaid credit card. Understandably the author and her husband, denied their young daughter’s request for a credit card of her own. When the author goes on to state that it is equally as irresponsible to give a credit card to a high school or college aged young adult that I begin to question her rationale. It got me to thinking about what constitutes a sound financial upbringing.

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Read more from this blogger: Teaching kids about money and credit