Posted by: Nicole Nelson
Written by:Eileen Ambrose
One of the big hurdles to teaching personal finance to children and young adults is how to do so without boring or confusing them with talk of compound interest and annual percentage rates.
Now, there's a growing effort to reach kids on their own turf: online games.
More than 70 percent of people play some form of games, a percentage far higher among teens. Gaming experts see this as an opportunity to pack critical lessons into a fun activity.
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I agree that this is a very important thing to have since children are very fast in learning different things. Also, by learning financial knowledge early on in one's life will help one greatly later on in life and lead to smarter and safer financial decisions. It is a way of instilling financial literacy in people at an early age. - Jonathan Tse
ReplyDeleteThis will definitely help our economy in the long run, educating future generations about personal finance will help with the increasing amount of bankruptcy that occur today- Michael Rivezzo
ReplyDeleteI agree that educating children at a young age will improve our economy in the long run. I believe that this knowledge will be carried forth in the generations everyday decisions and will be more conscientious about spending money they don't have. Perhaps by combining games with finances, such as The Sims, children are able to realize the value of money and why it's sometimes better to save than buy.
ReplyDelete--Lisa Matthys
I agree too.It is always good to start at a young age.This gives time for preparation and experience.-Ka Lee Angel Lee
ReplyDelete