April 22, 2005 in Business

Your money

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The credit card generation is getting younger.

A recent poll of teenagers who participate in the Junior Achievement program found that more than 11 percent are carrying credit cards, and some of them are as young as 13 or 14 years old. In addition, three out of 10 teenagers have checking accounts, and many are likely linked to automated teller machines with debit cards.

Financial experts are concerned about the growing use of credit cards by teens, although they generally must be co-signed by parents until a child is 18 or older.

Read more about credit cards for teens in Your Money Sunday.

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