The article highlights how children are inadvertently exposed to economic discussions, particularly around financial topics like inflation and tariffs, even if they don't grasp the details. Experts emphasize the role of parents in addressing these subjects, as they can significantly influence their children's financial awareness. Tips for discussing money at home are suggested, given the current economic climate where high borrowing costs and fluctuating stock markets might confuse the younger generation. Open conversations help children understand how such factors might affect their family's finances.
Parents shouldn't assume their children are oblivious to these issues, said Rebecca Maxcy, director and principal investigator at the University of Chicago's Financial Education Initiative.
Children may not grasp the details, but they've overheard adults discussing prices at grocery stores and restaurants.
Children are intuitive, she said, and can pick up on concerns their parents have about the cost of living or the economy.
Experts say parents should be prepared to discuss money with their children, as they are the biggest influence on their financial learning.
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