2023-06-10 11:41:17
Children learn best how to deal with money in everyday life with their parents.
(Photo: Imago/Westend61)
Frankfurt In times of Tiktok and Instagram, it may comfort many parents: When it comes to finances, 10 to 18-year-olds in Germany do not rely on social media influencers, but mainly on mom and dad. This is the result of a study by Mastercard and Fintech Bling, which is available to the Handelsblatt.
According to this, the parents are the most important source of their financial knowledge for almost 80 percent of the 1037 children and young people surveyed. Influencers bring it to 14 percent, teachers to 11 percent. Almost every fifth child relies on learning by doing.
The study also shows that only just under half of the 1,039 parents surveyed say of themselves that they are good at teaching how to deal with money and finances. One in five feels uncomfortable or even overwhelmed. So what can be done so that children learn to keep a budget, plan their finances well and do not become over-indebted? A business educator and a communication expert provide tips.
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