A new normal in parenting is to give your child a credit card

In personal finance, there is no deader symbol than the piggy bank.Nothing is conceptually wrong with giving children a receptacle for holding money, other than the fact that coins and bills are artifacts of 20th-century commerce. We still have them around, but fewer people use them every year.In the 2020s, people rely on debit cards, credit cards and banking apps. How are parents teaching their kids to navigate this world? We found answers in the results of a survey of 727 parents of teens who read the Carrick on Money e-mail newsletter. The results offer helpful parent intel as kids start racking up expenses in the back-to-school phase of the year.