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I think this is exactly the opposite of how it should be. Teach children to engage in trade and sensible use of money and currency early, but shield them from t
by cnity 2y ago
I think this is exactly the opposite of how it should be. Teach children to engage in trade and sensible use of money and currency early, but shield them from the immense leverage that corporate advertising has on the developing mind. I want well rounded children who are good independent critical thinkers, not brain-hijacked and inept with money.
- pndy 2y agoSpeaking of the corporate advertising, I just saw an ad today that basically grooms kids into credit card concept. This bank has a prepaid card and app that's being managed by parents. The ad story is "charming": busy parents forgot to pack his son properly for a summer camp, so he calls them and says he misses item x that is crucial. So they both leave their jobs and in a rush through city they're trying to save their boy. While he just orders stuff online with a help of a card, app and smartphone. And with "plastic money" little guy saves the day on his own. Sure, its 21st century, we're living in the 20s and you can't avoid technology in banking, finances and pocket money for your kids but this barely teaches any responsibility - that ad deep between the lines sells the idea that money are magically "there". Just go for the limit, next month daddy and mommy will charge the card again.
- cnity 2y agoI have seen an ad for that, and I felt mixed about it. I think such a "children's learning" type card which actually allows real purchases is a good idea for financial responsibility, but you'd have to be really cognisant of perverse incentives set up by a financial institution that can profit in this space.