Answer: 19%

Questions:

• Did you know that you could get a credit card as a teen?
• What do you think "an authorized user on a parent/guardian's account" means? 
• Do you think it is a good idea for a teen to have a credit card? Why or why not? 
• What arguments could you make/did you make to your parents to become an authorized user on their account?

Here's the ready-to-go slides for this Question of the Day that you can use in your classroom.

Behind the numbers (TransUnion Research):

The members of Generation Z are still too young to have credit cards of their own, though they’re getting a head start on understanding credit. To make their purchases, they use different methods — some Gen Z’ers are authorized to use a parent or guardian’s card, and some have and use their own debit cards.

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Want to learn more about the ins and outs of credit cards? Check out this NGPF Podcast with NerdWallet's Sean McQuay. 

About the Author

Tim Ranzetta

Tim's saving habits started at seven when a neighbor with a broken hip gave him a dog walking job. Her recovery, which took almost a year, resulted in Tim getting to know the bank tellers quite well (and accumulating a savings account balance of over $300!). His recent entrepreneurial adventures have included driving a shredding truck, analyzing executive compensation packages for Fortune 500 companies and helping families make better college financing decisions. After volunteering in 2010 to create and teach a personal finance program at Eastside College Prep in East Palo Alto, Tim saw firsthand the impact of an engaging and activity-based curriculum, which inspired him to start a new non-profit, Next Gen Personal Finance.