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Teens falling into debt: Gas surpassed clothes as item most purchased on credit

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Liberal_in_LA Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Aug-05-08 01:48 AM
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Teens falling into debt: Gas surpassed clothes as item most purchased on credit
http://hamptonroads.com/2008/08/teens-falling-debt

Teens falling into debt

And for teens who usually earn low wages, if they work at all, filling up a tank of gas can take a big hit on the ole pocketbook.

So, how are teens handling the financial stress?

Some are responding in a classic teenage way - by procrastinating. A recent poll showed that teenagers who have credit cards are increasingly using them to buy fuel.

Gas surpassed clothes this year as the most common item purchased by teens who use credit cards, according to a survey done by Junior Achievement, a nonprofit organization that educates young people about real-world economics.

The survey showed that 68 percent of teens are using a credit card to pay for gas. That's up from 52 percent last year and 46 percent in 2006.

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Skittles Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Aug-05-08 02:17 AM
Response to Original message
1. I slipped a teenage neighbor 15 bucks for gas for him to go on a date
poor thing asked me, "It wouldn't look good to run out of gas on a date, would it?" :o
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tama Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Aug-05-08 05:16 AM
Response to Reply #1
2. US mating rituals
are sick and evil. How about taking the girl just for a stroll in a park...
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Skittles Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-06-08 09:12 PM
Response to Reply #2
3. LOL
he'd have to spend some gas money finding a decent park around here
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