Category: Education

What are toys teaching kids about money?

Last year, I took some photos of my mother’s toy cash register for a blog post. Around the same time, a couple of our friends came to stay with their young daughter. She had a toy cash register of her own (which I also photographed). The two toys looked pretty similar (the newer version had an electronic display, and came with a paper ‘credit card’).

The role of artefacts like games in language development has long been an interest of mine. When I saw these two cash registers, I became interested in the role of toys and games in financial literacy.

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Where should kids learn about money?

Like language, money is a symbolic system we use to communicate with each other. Kids’ exposure and sensitivity to language begins early, and the same may be true of money. The majority of opinions agree financial education ‘begins with children – the younger the better’. In the last post, we looked at what an important role financial education and family background has in influencing outcomes in life.

But where do – and where should – kids learn about money?

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