In a country where two-thirds of all young people are in debt, the need for early economic education is evident. Research has shown that economic understanding is a developmental process and most children have misguided views of the economic world.
So at what age should children start learning about money? As soon as they can say ‘I want.’ For young children connections between money, work and goods can be made simply by saying things like “I have to go to work so I can get money and I need money to buy food for us.”