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They have to make a house payment, car payments, and usually credit card payments. Parents may also have fuel payments for heating their homes due to the high fuel prices.
Parents also have other monthly obligations such as electric, phone, and auto insurance bills. Then there are the necessities such as groceries, gas for cars, and medicine. All these monthly payments quickly add up and the income of the parents is quickly gone. The only income a parent has is from their job. There is little to no money left at the end of the month for any extras that a teenager may want or need.
On the other hand grandparents no longer have house payment or car payments and will pay off their credit cards each month...
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