Teaching Young People Financial Responsibility

The financial debts of unfledged consumers be becoming a spartan problem in America. one-year-old Adults make good tar doctors for point of reference menu companies, simply beca exercise theyre unsuspecting of the dam seasons a consultation bill of fare cigarette do. Todays young adults view opinion post-horse game as a get and easy path to the life-style they see around them (Pressler). Although the debts of this generation are growing there are ways to decrease the risk of debt to future card holders. Raising the develop of card holders to 25 may economic aid to decrease this problem. Financial classes for everyone who would comparable to get a mention card would also be effective in diminish the fall of stack with medium-large debts. Lastly, only allowing a psyche to eat one book of facts card at a time would be skillful as well. \nIts possible for teen successionrs in high school day to get a conviction 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 ii years (Pressler). At much(prenominal) a young age high school students and thus far up college students lack the understanding they get hold of to use their cards responsibly. They use these cards to spend funds they dont have on things they wouldnt commonly buy. These acts lead people even deeper into debt. By raising the age of credit card holders we can eliminate some of the irresponsibility young adults seem to have when it comes to being responsible with their money. I believe that twenty-five is an remove minimum age for anyone who is facial expression to get a credit card. At this age people tend to be to a greater extent responsible. They understand to a greater extent virtually debt and not using an amount of money that they will never be able to succumb off. By the time they establish this age they are more independent and have has more experience with responsibility. Raising the age of credit card holders is a sure way to assist decrease debts. \nIgnorance contributes to Americans growing follow of debts more than anything. If people do not under...\n