It just starts them early on depending on credit – buying now and paying later – continuing to build a society of people whose lives are built on debt, a proverbial stack of cards, castle of sand, so on and so on.
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No opinion
How about this: parents teach their kids some financial literacy and responsibility? It’s a choice to sign up for a credit card and go into debt. The credit card companies don’t force anyone to fill out an app.
Should do this
Nope, I agree completely that people make their own choices – if they sign up they sign up. Parents have a responsibility. However, CC Companies still know what they’re doing and they know why they’re doing it. It’s why their buildings are bigger than most.
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