Our kids are fortunate to be growing up in the most progressive and exciting time in history. Sadly, the very culture that offers them the world is also perpetrating this lie: “You are entitled to have everything you want, even if you don’t have the money to pay for it. It’s not a problem. You deserve it. Get it now, and you can pay for it later!”
There’s a huge consumer credit industry out there planning to give your kids their very own credit cards—personal passports into the abyss of consumer debt. This will not require your permission or approval, something that one reader is experiencing firsthand.