Majority of parents believe children should be required to take course on how to use credit cards
Raleigh, NC-December, 2011 – It is every parent’s wish for their children to learn from their mistakes.
A recent survey of parents with credit card debt found that when it comes to the lessons learned from the Great Recession, caused in part by a sea of red ink in the budgets of households and nations, parents want their children to get the financial education they did not.
The survey found that:
The survey of 355 parents with $1000 or more in credit card debt, was commissioned by the nonprofit organization Consumer Education Services, Inc. Respondents had no affiliation with CESI and were recruited online by a third party research company.
“With an eye on children becoming the nation’s future political and business leaders as well as parents, people overwhelmingly see education as key to preventing future crisis,” says Neil Ellington, executive vice president of Consumer Education Services.
“Mandating credit card education courses in high schools would be ideal, since the legal age to use credit cards is 18,” suggests Ellington.
Until credit card education is required, Ellington offers these tips for parents to use to educate the nation’s future consumers and leaders about debt.
Filed Under: News and Press
Consumer Education Services, Inc. (CESI) is a non-profit service provider of comprehensive personal financial education and solutions for all life stages and for all of life’s milestones. Our goal is enhanced economic security for everyone we serve.
CESI is NOT A LOAN COMPANY