Friday, November 7, 2008

Current Event 2

My current event was from http://findarticles.com/p/articles/mi_m0EPF/is_25_100/ai_74692674. It was about how more and more teens are using prepaid "credit cards. Visa has "Visa Buxx" and the American Express has the "Cobalt card". They are cards are directly attached to an account that an adult has made for them. The companies of these cards are targeting kids 13 and older. Credits are saying young teens are not ready for financial responibility. MY OPOION: I think if parents teach their kids how to manage money then these are perfectly fine to have. Also, you cant spend any more then you have in your account so the kids cant go into debt, so its ok to have them.

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