What percent of teens don’t know the difference between a debit card and a credit card?

ngpf.org 11/16/21

Q:

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QUESTION OF THE DAY

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A:

QUESTION OF THE DAY

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32%

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Imagine not realizing that a debit card immediately deducts money from your account. Picture what happens if you swipe a credit card, not considering the interest that accrues if you don’t pay your bill on time. Credit cards and debit cards look nearly identical, but they work in profoundly different ways.

FOLLOW-UP QUESTIONS

1. What is one major difference between a debit card and a credit card?
2. What is one potential consequence of not knowing the difference between these two cards?
3. Which card do you use more frequently? Why?

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