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Parents are authorizing their young kids, including toddlers, on credit and debit cards. Here's why.

CBS News
Summary
Nutrition label

70% Informative

One -in-four parents have authorized a child under the age of 18 on their credit or debit card.

Many banks allow kids to be authorized card users as long as they have a Social Security number.

Financial advisor Winnie Sun said it's never too early to start building your credit.

VR Score

80

Informative language

86

Neutral language

18

Article tone

informal

Language

English

Language complexity

31

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

medium-lived

External references

no external sources

Source diversity

no sources

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