Risky Business: What Every Teenager Needs to Know About Living Smart - Lesson Details

Activity 3.1 - What You Don't Know About Credit Can Hurt You

This activity introduces Video 3, which shows that many young people do not know how to use credit wisely. The video shows how large credit card debt can be an enemy to teenagers and young people with families -- but also shows how credit can be a young person's friend and a step toward becoming financially healthy. According to the video, a high credit score can be as important as a high SAT score. In this activity, the students answer a series of questions while watching the video.

Concepts:

Assets, Costs and benefits of credit, Credit cards, Credit reports, Credit scores
National Content Standards in Economics:
  • Standard #11: Money and Inflation
  • Standard #12: Interest Rates


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