The financial hardships many Americans are now facing may have an unintended effect on their children — it may actually help their kids develop a money mindset very early.
“Depending on their comprehension and age level, kids are going to come away with knowing the importance of planning and saving,” said Deborah Goldberg, president of the National Association of State Treasurers and state treasurer of Massachusetts.
Children are witnessing a pivotal moment in history.
Their mother or father may be one of the 26 million who filed for unemployment since the crisis began. Their parents may also be struggling to pay the bills, given that more than half of Americans can’t cover a $1,000 emergency, according to Bankrate.
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