Teaching kids money in a cashless society

In a cashless economy teaching children the risks of interest-earning credit spending is key to preventing financial hardships in the future.

A father and son looking at coins on exhibit at the National History Museum

Source: Universal Images Group Editorial

In a tap-and-go society, teaching children about the risks of interest-earning credit spending could prevent financial hardships later in life.

Against the backdrop of MPs' inquiry into credit aimed at Australians at risk of financial hardship, credit union People's Choice say the new school year is as good a time as any to think about making sure children can navigate the cashless economy and avoid problems later in life.

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Published 29 January 2019 2:19pm
By Talib Haider


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