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Upgrade: Half of parents who entrusted their kids with this money move now regret it

Parents give their kids a lot of credit.

Nearly one in 10 parents (8%) with kids under 18 say that at least one of those children has a credit card, according to a CreditCards.com report released Monday.

And other data shows those numbers could be even higher: According to a survey released in 2017 from financial firm T. Rowe Price. nearly one in five (18%) parents of children ages 8-14 says that their child has a credit card, according to data released in 2017 from financial firm T. Rowe Price. That’s 13% of 8- to 9-year-olds; 18% of 10- to 12-year-olds and 19% of 13- to 14-year-olds do, the data shows.

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