University at Buffalo (UB)
News & information from UB, New York's flagship university
Release Date: April 29, 2005 This content is archived.
An article in The State on the increasing number of high school students who are using credit cards for everyday expenses quotes Lewis Mandell, professor of finance and managerial economics, who says that when parents properly supervise their teens' credit card use, it can be an instructive experience rather than a financial disaster. Go to article. In a related article, Mandell offers parents of teens tips on credit card use.