Tag: Mind Over Money

What are apps teaching kids about money?

While both parents and children report schools aren’t doing enough to teach financial literacy, 75% of American parents (and 74% of kids) believe financial apps are ‘a good way to teach [kids] about financial matters’.

Games tied with food as the number one purchase made by kids, followed by toys (tied with clothes). A survey conducted by Australian parenting website raisingchildren.net.au also found that entertainment, toys and games represent the biggest pocket money spend.

But what kinds of lessons might kids be learning from apps?
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Are the wealthy rich because they’re smart?

Are rich people rich because they’re smarter than the rest of us?

Or to put it another way, are you not rich because you’re not smart enough?

According to a study conducted by the Joseph Rowntree Foundation, 69% of people believe ‘there is enough opportunity for virtually everyone to get on in their life if they really want to’ – in other words, if you’re poor, it’s your fault.

Continue reading “Are the wealthy rich because they’re smart?”