Hannah Case's experience demonstrates how family financial habits significantly influence children’s credit histories, emphasizing that credit scores are often not just personal achievements but inherited privileges.
The rise of fintech solutions and social media influencers promoting 'generational wealth' point towards a market trend where privileged families actively create financial advantages for their children from a young age.
With 8% of American parents reporting their minors have credit cards, there is evidence that a growing number of families are using authorized usership, highlighting the systemic advantage in credit scoring.
Many financial entities are catering to parents looking to establish their children's credit, creating a system where not all children start from the same financial baseline.
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