Should Kids Have Credit Cards?

Should children have credit cards? Let’s ask ’em!

Marketplace convened a “Small Town Hall” to find out, among other things, whether preteens thought they should have plastic. In the video, one of the girls succinctly explains how using cash can make paying for things more painful and tangible. These kids are smart! Are they the offspring of Marketplace staffers, I wonder? The group asks another girl, who is on the pro-kiddie-credit-card side, how she is going to pay her credit card bills. “Uh, holidays?” she responds, a sentiment that many a would-be debtor has shared, no doubt.

Small Town Hall [Marketplace]