So they say, start 'em young. And that's exactly what parents are doing when it comes to their kids and credit cards.

About 6 million parents have given their children their own card. That's about 8 percent of American parents.

The survey from also reveals about half of those parents, gave that financial freedom to a child younger than 8.

It should come as no surprise that wealth plays a factor here. The more families make, the more likely they are to give their kid their own credit card.