Kwedit is a new system that allows kids over the age of 13 to make virtual goods purchases on credit. The system allows the teens to pay back their Kwedit bill by mailing in cash, paying at retail partners such as 7-Eleven, or asking friends and family to pay their Kwedit bill through a social network called 'Pass the Duck'.
I like the idea about teaching kids about credit so they learn the positives and perils. What concerns me is that the system will become a gateway to furthering our consumerism culture. More concerning is that Kwedit could be teaching kids that it is ok to ask someone else to pay your bill for you - to 'Pass the Duck'. If the system is being run with a sociological longitudinal test embedded in then I hope that data from Kwedit will prove its value in the long term, and help young adults use credit wisely and responsibly. Stephen Colbert shares my concerns.