‘I don’t know what interest is, I’m just a child you know’

‘I don’t know what interest is, I’m just a child you know’

Published on: 22 March 2021

This is what children say about interest, loans, savings or online banking.

 

Today is the start of the Global Money Week. This initiative aims to learn children the ins and outs of money and how to handle it. But what do children actually know about such complicated matters as interest, loans, savings or online banking? That differs from one child to another, apparently. Where loans and interest have no secrets to the one, the other one finds it too early to reflect on the subject. ‘I don’t know what interest is, I’m just a child you know’. And what would they do if they win the lottery? ‘A swimming pool in our garden, that’s obvious.’