Credit cards have replaced the money from young people's pocket."___ explain it?

This statement suggests that young people are relying more on credit cards for their purchases and expenses instead of using physical cash. There are several reasons why this may be the case:

1. Convenience: Credit cards offer a convenient way to make purchases without having to carry around large amounts of cash. They can be used for online shopping, in-store purchases, and even for bills and utilities.

2. Rewards and benefits: Many credit cards offer rewards programs, cash back, or other benefits for using them. Young people may be attracted to these perks and choose to use their credit cards more frequently to take advantage of them.

3. Building credit: Using a credit card responsibly can help young people build their credit history, which is important for future financial opportunities such as getting a loan or renting an apartment.

4. Peer influence: Young people may see their friends or peers using credit cards and feel pressured to do the same in order to keep up with their social circle.

5. Lack of financial education: Some young people may not have been taught proper money management skills and may not fully understand the implications of using credit cards, leading them to rely on them more heavily than they should.

Overall, while credit cards can be a useful financial tool when used responsibly, it is important for young people to be mindful of their spending habits and to prioritize financial literacy in order to avoid falling into debt.