Blaming credit cards f young adults' money woes is popular these days; high-school and college students are putting way too many college expenses and other charges on their cards, the thinking goes.
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But as credit-card issuers and Congress race to crack down on over-browing, do we risk barring the do so tightly that teens miss out on opptunities to learn financial responsibility?

In a recent article that bucks the popular wisdom about teen credit-card use, my colleague Karen Blumenthal cites a study that suggesting credit cards may be merely a scapegoat f a lack of family communication about money. Kids with credit cards aren't the reckless spendthrifts they've been ptrayed to be the study shows. College freshmen with credit cards carry only a $169 balance, on average, says this 2,000-student study at the University of Arizona. And me than 60% of the credit-card holders demonstrated exemplary credit management skills, paying the bill in full every month.
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To be sure, 70% of all the students surveyed (which included both teens with and without cards) showed bad financial judgment at times, failing to pay bills on time, maxing out credit cards  taking payday loans. But the credit-card holders were no me  less likely to commit these errs than students who lacked plastic. ,Instead, the significant fact was whether students had good communication about money with their parents; those who did, also had me control over their finances.
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Thus the current Congressional crackdown on teen credit-card use may amount to barring the wrong do. A new federal law that takes effect next year tightens rules governing credit-card issuance f people under 21. Banks and colleges are on the same path, sharply reducing teen access to credit wi