Report: More parents allowing kids to carry credit cards

Credit card generic.jpg

SPARTANBURG, SC (WSPA)– A new report finds more parents are trusting their children with credit cards.

The report from found 8% of parents with kids under 18 say that at least one child has a credit card.

The report also found the more a parent makes the more likely a child is to have plastic. 13% of parents who make more than $80,000 have a credit card carrying child, compared with 5% of parents in the under $40,000 category.

Location may also play a role. 13% of children with credit cards live in the Northeast, 8% live in the South, and 5% live in the Midwest.

Copyright 2020 Nexstar Broadcasting, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Senior Standouts
Graduate Gallery
Livin Upstate Deals
Engagement and Wedding Announcements
Things To Do
wspa news app free for download choose your store below
download the wspa news app from the apple app store
download the wspa news app from the google play store

Trending Stories