How Online Currency Is Changing the Way Kids Spend Money

WSJ Your Money Briefing

The Wall Street Journal

News, Business News

3.8 • 1.6K Ratings

🗓️ 15 November 2023

⏱️ 14 minutes

🔗️ Recording | iTunes | RSS

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Summary

The New Money Rules for Kids: From Youtube and video games to advertisements on social media, kids are seeing content about money – whether they know it or not. So how is this influencing their decisions about money? And how can we best prepare them for financial success in adulthood? In the first episode of Your Money Briefing’s four-part series, we look into how a new generation of kids are learning about money. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:34.4	slash Wall Street.
0:35.8	That's Oracle.com slash Wall Street.
0:38.8	Welcome to a special edition of Your Money Briefing for Wednesday, November 15th.
0:46.5	I'm Ariana Spuru for the Wall Street Journal.
0:52.4	What's your earliest childhood memory about money? Maybe it's breaking into your piggy bank or saving up for that toy you could hardly wait to get?
1:02.0	Mine is a bit embarrassing. wait to get.
1:02.6	Mine is a bit embarrassing.
1:05.9	I'm in kindergarten and my mom gives me a crisp $20 bill to pay for a field trip.
1:11.0	But as soon as I step on to school grounds, I forget what it's for.
1:15.0	So when I see a snack-sized bag of classic flavored Lays potato chips, I think, oh, I have to have it. I barter with my fellow classmate and I get the
1:26.0	chips for you guessed it 20 dollars in cold hard field trip cash. After a stern conversation with my mom and probably a missed
1:36.7	field trip I'd learned an important lesson about the value of money. It was my first
1:41.3	time making my own financial decision.
1:44.0	For kids now, learning about money is different in a lot of ways.
1:50.0	They're learning more from the content they see online.
	...

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