OP describes investment strategy that is destined to fail (i.e. keep money in savings account). This is in fact great way to teach the children by inducing fail

OP describes investment strategy that is destined to fail (i.e. keep money in savings account). This is in fact great way to teach the children by inducing failure so they understand why they need to learn investing instead of saving. My mom always converted cash to gold instinctively because she did not trust government printed paper. In US, people tend to keep money in S&P 500 with rather poor return but still well protected against inflation. The problem is still that money earned over time increases at least linearly for most people. This means that whatever amount you saved up as kid isn’t going to amount much even if it was inflation protected. For instance, all the money I saved up as kid for 10 years and put in S&P 500 for inflation protection will still come bit short to match my one month income.