Debate Prompt no. 50

What is one reason given in the passage for why teens should have credit cards?

• They help teens learn to manage money.

• They allow teens to buy things without needing cash.

• They are easier to replace than cash if lost or stolen.

• They help teens build a credit history.

According to the passage, what is a potential downside of using credit cards?

• They can lead to high interest payments.

• They are difficult to obtain for teens.

• They require a co-signer for teens.

• They have a low spending limit.

What is the main argument against teens having credit cards, as mentioned in the passage?

• Teens may not have enough income to pay off debts.

• Teens might misuse the credit card for unnecessary purchases.

• Teens could lose the card easily.

• Teens might not understand how interest works.

How can credit cards be beneficial for budgeting, according to the passage?

• They track spending automatically.

• They offer budgeting tools and apps.

• They provide monthly spending reports.

• They limit spending to a set amount.

What does the passage suggest about teaching kids financial responsibility?

• Teach them to save and spend money they have.

• Encourage them to use credit cards wisely.

• Help them understand interest rates.

• Guide them to invest in stocks.

As a student, would you want to have a credit card of your own? If you want to, where will you spend it? If not, why?