Kids and Digital Spending: Parents Struggle with Unapproved Online Purchases
Children and Spending: The New Age Dilemma in Digital Transactions
Digital Spending on the Rise
Families in America are facing a growing challenge with their children's spending habits, especially in a world where online shopping has become second nature. According to a recent survey conducted by Achieve, a leader in digital personal finance, about 31% of parents have found their children making unauthorized online purchases. This emerging trend is not just a quirky family issue; it represents a significant concern about financial literacy in a cashless economy.
These unapproved purchases can add up quickly, with parents reporting an average loss of $
Topics Financial Services & Investing）
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