Teens Using Credit to Buy Gas

What do teens with credit cards use them to purchase? Well it seems that almost 70% of teens now use credit cards to buy gas, an amazing jump from only 51.9% in 2007.

Teens use credit cards to purchase gas more often than they do clothes, which had previously had been their number one expenditure.

The information was gathered in a poll from Junior Achievement and The Allstate Foundation. Other findings of the poll show that 10.4% of teens now use a credit card, but 13% of teen cardholders say that the bill is paid by their parents.

So although more teens are getting hit by high gas prices, it seems that it may still be Mom and Dad footing the bill in too many cases.