53% of parents with children under 18 say they have kids with cellphones.
And, although it is not as common,
8% of parents with kids under 18 report that at least one of their children has a credit card.
13% of kids with credit cards come from the Northeast
8% dwell in the West and South.
5% hail from the Midwest.
13% of children with credit cards come from families making in excess of $80,000 a year,
9% from families making $40,000-$80,000, and
5% from families making under $40,000.
A big problem is credit card misuse by children.
21% of parents with kids with credit cards claim that their children have made unauthorized purchases with them at least once.
In some cases, this misuse has made it so that the parents needed some credit repair.
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