I gave my daughter a debit card when she was 13 and put some weekly amount on it for the next 10 years. She's now an adult who has the ability to make sound financial decisions even though her mother has a spending addiction and a personality disorder. I strongly disagree that it is a bad idea.
The bad idea is those companies then sharing information about children that should be private and parents should have a say in. Blaming parents when companies have outrageous privacy policies regarding child accounts is ridiculous. We have to teach our children to survive in this world.
My 9 year old triplets all have greenlight cards. This article is very disturbing. But they are learning fiscal agency, which is something my generation wasn't taught at all. When I finally got a job (at 15) it was way too late for me. I spent it all on coin-op video games. That might be reasonable at 9, but not at 15.
The bad idea is those companies then sharing information about children that should be private and parents should have a say in. Blaming parents when companies have outrageous privacy policies regarding child accounts is ridiculous. We have to teach our children to survive in this world.
My 9 year old triplets all have greenlight cards. This article is very disturbing. But they are learning fiscal agency, which is something my generation wasn't taught at all. When I finally got a job (at 15) it was way too late for me. I spent it all on coin-op video games. That might be reasonable at 9, but not at 15.