Final answer:
The statement that teens are a huge target of credit card companies today is true. Teens are indeed a huge target of credit card companies today, as they are seen as a demographic that spends a significant amount of money and influences their parents' spending as well.
Step-by-step explanation:
According to a report by creditcards.com, teenagers are considered a lucrative market for credit card companies. They are seen as a demographic that spends a significant amount of money and has the potential to influence their parents' spending as well. In fact, in a study conducted on American teens, it was found that they spent $100 billion themselves and influenced their parents' spending by another $50 billion.
Credit card companies often target teenagers through advertising and promotional campaigns that appeal to their interests and desires. They may offer special incentives or rewards targeted at this age group to encourage them to sign up for credit cards.