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antonio spurs 109-93. the series is now tied at two games apiece. turning now to your money, younger americans are taking a look at those credit card application and they are saying no thank you, opting instead for debit carts or prepaid credit cards. christine romans is following the trend in new york. christine, this is interesting, because i remember when i was in college, that s where i got my first credit card, and you were kind of all the time you had credit card companies trying to get you to apply. why is this group different? congress short of shut that down, too, remembered with the card act? if you were a young person, you had to be 21 and you have to prove that you ll be able to pay it back. that s one reasons why kids aren t taking out more cards. also they have high unemployment. they ve of the got student loans, so they re being more frugal in taking out the cards, either because they can t get them or they have seen the
the new report from fico shows among 18 to 29-year-olds 16% of them don t have a credit card. that has doubled since the recession. young people are dealing with high unemployment and student loans. they re also delaying big purchases like cars and homes. another factor, the emergence of prepaid cards, the cards that require you to have the money first before you spend it. also the card act of 2010 passed by congress requires anyone under the age of 21 to have a co-signer on a credit card if they don t earn enough money to make full payments. the pullback means credit scores for 18 to 29-year-olds is improving. credit scores for the 60 and older crowd have gotten worse thanks to still high levels of auto and mortgage debt. suzan suzanne? . check this out. the most hard to get real estate in the city of boston. you might find this surprising. take a look at this. pretty nice. this is what more than half a million dollars looks like for somebody desperate for parking
mandate, always. you force somebody to do something, then something else will happen. you see this as a widespread thing, everywhere? sure. one other example, the card act. everybody was so mad about they re charging high fees for writing a check or credit card. we outlawed this. we helped you. i think it was bipartisan. the result is that credit card interest rates went up 2%. bill: don t they have a cap on those interest rates? no, 18 or something like that. bill: they went up to 15 from 13%. bill: the government forced those companies to bring their fees down, this raised the interest rates. and jpmorgan chase cut off customers and said we re not going to issue cards. bill: unintended consequences when we come back, can jerry sandusky sentenced. the supreme court may limit our right to sell stuff. stossel will love this. and it looks like jessica s law will pass in new jersey.
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