Money doesn’t grow on trees, children learn

The recession has helped young people learn than “money doesn’t grown on trees” according to one financial expert.

Jasmine Birtles, founder of moneymagpic.com, said the recession has helped to give children a financial education.

The credit crunch has taught children that if they want something, they need to earn it, Birtles claimed.

“It’s made a lot of them more realistic about money and not just expecting to get ‘designer this and the latest that’ and wanting things all the time,” she said.

“They are getting a bit more of a sense that money doesn’t grow on trees and if they really want something then they are probably going to have to buy it themselves and have to earn it.”

Her remarks came after research by Santander revealed that children in the UK aged between 10 and 15 earn nearly half a billion pounds a year through different types of work.

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