April - posted on 03/09/2010 ( 21 moms have responded )
I was watching GOOD MORNING AMERICA this morning and they had a segment about teens and credit cards. The expert speaker recommended allowing your child to have his or her own credit card by 16 years of age. She claimed that the reason Americans are in so much debt is because no one taught us how to use credit cards wisely. She also said that allowing your teen to have a credit card was like "Driver's Ed" or Training Wheels on a bike. Do you agree with this so-called expert? Also how young is too young for a credit card?