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Almost 9 in 10 Children are ‘worried about Money’.

Research from Halifax has highlighted the fact that children as young as eight have admitted that they share some of the concerns their parents have about their finances.

However parents are failing to pick up on this, and only a third recognised that their children might share their worries if they were heard talking about it. Children also said they would rather learn about money from their parents, instead of picking up tips from the internet or getting advice from their teachers.

However there was some encouraging news from the study, as it was revealed that children are more interested in learning about savings than bank account or credit cards.

Richard Fearson, head of Savings at Halifax, said: “As parents we try to protect our children from the things that worry us but sometimes it can be more beneficial to talk through financial concerns as a way to help children better understand money and put things into perspective.

“We know that children are very aware of the behaviour of people around them, and by having discussions about money from an early age children will be much better placed to manage their money as they grow up”

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