A new LendingTree survey finds:
- 46% of parents say they’ve caught their kids making purchases with their credit or debit cards without their okay.
- Kids who have used their parents' cards without permission have spent, on average $500.
- The highest amount charged without permission was $524.
- The most common unauthorized expenses include:
- On-app or in-game purchases (28%)
- Ordering food delivery (16%)
- Purchases made through voice-activated speakers (15%)
- Purchase through streaming service (15%)
- Bought clothes (14%)
- Bought toys or games (13%)
- 60% of parents with kids under 18 have let their kids use their credit or debit card.
- And almost half, 48%, have regretted it.
- Fathers are more likely than mothers to let their kids use their credit card.
- Fathers are also more likely to regret that decision.
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