Do some research to find out why so many teenagers are in debt. Write a few sentences to explain why this is so and why other teens should take extra caution when applying for their first credit card.
The reason why so many teens are in debt is because that young people make purchases without having the money to pay for the item. Because when teens get their first credit card they feel like they are on top of the world, feeling invincible. Teens should take extra caution when applying for the credit card only spend the money that you already have and don't assume you have unlimited money Hopefully this helps!
