Originally written by experts with GoHenry
Turn on the news or sit around any dinner table, and it's likely there will be a mention of inflation, gas prices, or the increasing cost of groceries. Helping kids understand and navigate complex concepts like inflation in an age-appropriate way is an important component of financial education, along with introducing debit cards for kids and other money topics. In fact, breaking down how inflation affects our daily life can teach kids valuable lessons on how to make spending and saving decisions in leaner times.
So how do you provide an inflation definition in a way that isn't confusing or boring? Here's a quick game plan for having this important money conversation with kids.
Read the full article on GoHenry: https://www.gohenry.com/us/blog/financial-education/explaining-inflation-to-kids