According to the Obama administration, it’s younger than the age of 21. A recent article in the New York Times talks about the new legislation slated to go into effect regarding the accessibility — or lack thereof — of credit cards for teenagers and those in their early 20s, and how parents should teach their children about money management.
Tag Archives: teenagers
There was an interesting article I read on New York Times’ Web site this morning about teenagers, their spending habits, and the recession.
Basically, the main point of the article was teenagers are cutting back on their spending accordingly to what they see with their parents. Stores that are grossly expensive like Abercrombie & Fitch are feeling the pinch, while other less-expensive stores — including Marshalls and Aeropostale — are thriving.