Economics

Taking a Swipe

Teens should learn how to use credit cards now so they become financially responsible adults.

Ilana, a senior at Ma’ayanot who chooses to remain anonymous, is turning 18 in a few weeks. Similar to many other 17-year-olds, she is looking forward to having her provisional license promoted to a standard license. This is only one of many privileges she will be granted due to her legal coming of age. In addition, she will be allowed to register to vote as well as purchase lottery tickets. Little does she know that on her 18th birthday, the most important privilege she will be granted is the ability to have a credit card under her own name.