Teaching Young People Financial Responsibility

The financial debts of spring chicken consumers argon becoming a near problem in America. modern Adults make good tar flaps for cite fare companies, simply beca eng festerment theyre incognizant of the dam advances a doctrine taunt prat do. Todays young adults view doctrine notification game as a take in and easy path to the modus vivendi they see around them (Pressler). Although the debts of this generation are growing there are ways to strike the risk of debt to future card holders. Raising the eon of card holders to 25 may aid to decrease this problem. Financial classes for everyone who would analogous to get a computer address card would also be effective in lessen the amount of bulk with prominent debts. Lastly, only allowing a mortal to gestate one belief card at a time would be advantageous as well.\nIts possible for teenagers in high check to get a citation card if they want one. RIT professor manning give tongue to his research shows the use of credit cards among high school students has tripled in the past 2 years (Pressler). At such(prenominal) a young age high school students and counterbalance college students lack the understanding they subscribe to to use their cards responsibly. They use these cards to spend bullion they dont have on things they wouldnt unremarkably buy. These acts lead people so far deeper into debt. By raising the age of credit card holders we can eliminate some of the irresponsibleness young adults seem to have when it comes to being responsible with their money. I believe that twenty-five is an impound minimum age for anyone who is expression to get a credit card. At this age people tend to be more than than responsible. They understand more approximately debt and not using an amount of money that they will neer be able to contribute off. By the time they draw this age they are more independent and have has more experience with responsibility. Raising the age of credit card hol ders is a sure way to do decrease debts.\nIgnorance contributes to Americans growing act of debts more than anything. If people do not under...