---
title: Teaching kids in the new world of money.
description: Kit commissioned YouGov to survey 2000 parents and carers to learn how parents are teaching financial capability to their kids in the new world of money.
---

[Learn Hub ](https://learn.heykit.com.au/learn-it)

# [Teaching kids in the new world of money.](https://learn.heykit.com.au/learn-it/teaching-kids-in-the-new-world-of-money)

 Written by [Kit](https://learn.heykit.com.au/learn-it/author/kit) | May 17, 2022 9:58:00 AM

- Half of parents (52%) claim their kid's financial literacy and capability is average, poor or terrible.
- Over half of parents claim their children's attitudes to money need to improve in the following areas: how to budget (57%), how to save (56%), what spending to prioritise (55%), understanding the value of earning money through work or chores (52%).
- 48% of parents actively avoid discussions with their children on financial topics, because money is tight (48%), limited knowledge (42%), should be taught in schools (40%).
- 72% of parents are concerned about the influence of online games on their children's buying behaviour.
- 49% of parents claim their children have spent their money without them knowing, with $179.31 being the average amount spent.
- More than one quarter (28%) have racked up bills of $200-$499, without their parents knowing!
- In-game credits (37%) and in-app purchases (33%) are the clear culprits for money spent without parents knowing.
- 7 in 10 Aussie parents say they give their children pocket money.
- Weekly pocket money averages to $12.04 per child, that’s $626 a year!
- 77% of parents say their children are interested in learning about money. Top topics include the process of earning pocket money (58%), the importance of saving (51%), how to earn money as a social media or gaming influencer (29%).

***Source: **YouGov survey of over 2,000 parents, guardians and caregivers of children aged 8-17, commissioned by Kit. *

##### [Download the infographic.](https://learn.heykit.com.au/hubfs/Heykit_August_2023/pdf/Kit%20Infographic.pdf)

[View full post](https://learn.heykit.com.au/learn-it/teaching-kids-in-the-new-world-of-money)

```json
{
  "@context" : "http://schema.org",
  "@type" : "BlogPosting",
  "author" : {
    "@type" : "Person",
    "name" : "Kit"
  },
  "dateModified" : "2024-12-30T03:57:16.767Z",
  "datePublished" : "2022-05-17T09:58:00Z",
  "headline" : "Teaching kids in the new world of money.",
  "image" : {
    "@type" : "ImageObject",
    "height" : 1810,
    "url" : "https://23493192.fs1.hubspotusercontent-na1.net/hubfs/23493192/d5fe23e8-9f08-4a1d-9edb-98a88263f362_Frame+8.png",
    "width" : 2736
  },
  "mainEntityOfPage" : "https://learn.heykit.com.au/learn-it/teaching-kids-in-the-new-world-of-money",
  "publisher" : {
    "@type" : "Organization",
    "logo" : {
      "@type" : "ImageObject",
      "height" : 60,
      "url" : "/hs/hsstatic/content_shared_assets/static-1.4092/img/default-amp-logo.png",
      "width" : 60
    },
    "name" : "Kit | Learn Hub"
  }
}
```