The rise of cashless pocket money means children are in danger of no longer understanding the value of money, a think tank warned.
A report by WealthiHer found that the number of 11-year-olds receiving an allowance paid directly into a bank account rather than handed over in cash has risen by 20 per cent in the past six months.
It said that without better financial education in schools, the demise of children handling actual notes and coins could lead to them having a lack of understanding of financial basics.
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A report by WealthiHer found that the number of 11-year-olds receiving an allowance paid directly into a bank account rather than handed over in cash has risen by 20 per cent in the past six months.
It said that without better financial education in schools, the demise of children handling actual notes and coins could lead to them having a lack of understanding of financial basics.
Read more
Are Pro-Cashless Studies Reliable?
