Children’s Day was celebrated this week and it gives us the perfect excuse to reflect on financial education, in a framework of enormous technological advance and the digitalization of communications, now enhanced by artificial intelligence.
Although they seem different, today’s children are the same as those of past times: they do not have a distinctive “chip,” as we sometimes say. What they face is an environment transformed by technology, unimaginable for a child a few decades ago in terms of video games, gadgets and information available.
In this era, “digital natives” were born and now the question arises of how those growing up in a world dominated by artificial intelligence will be named, which will modify their perspective on life.
Technology involves risks such as the decline of family interaction and the promotion of a culture of immediate satisfaction with games and social networks. These adverse effects appear when moments of physical coexistence disappear and a dependency on the approval of others on the networks is generated.
Introducing children to the financial field early, with understandable tools and clear explanations, is crucial for their training. Parents should guide this process, using daily experiences and modeling by example. Beyond properly managing resources, it is vital to share and reflect with your children.
Talking about concepts such as inflation, interest rates and exchange rates on a daily basis enriches children’s education, preparing them to make informed decisions in the future. It is essential to treat these topics in an accessible way, using technological tools, such as applications and interactive games, to present complex concepts in a fun way.
The growing inclusion of adolescents in markets, facilitated by access to mobile devices and platforms tradinghighlights the importance of financial education, since it is essential that they understand the nature and risks associated with wealth management.
Another fundamental aspect is children’s relationship with income, understanding how it is obtained and the relevance of productive work, in addition to saving to achieve goals.
How do you think AI will affect children in managing their finances? Comment me on Instagram: @atovar.castro and I invite you to listen to the podcast “Money and Happiness” on Spotify, Apple Podcast and other platforms.
