Although they may not know much about loans or home insurance, children are learning more about the credit crunch from their parents, it has been revealed.
Research carried out for the Co-operative Child Trust Funds has found that 51 per cent of mums and dads are teaching their children about the economic downturn.
A further six out of ten believe it is important for their child to understand the unusual economic situation the UK is currently facing.
Zack Hocking, head of Child Trust Funds at The Co-operative, said: "Parents clearly don't want to shelter their children from the realities of the credit crunch and are making extra efforts to improve their financial education."
It seems as though children are taking an interest of their own accord, as 35 per cent asked their parents for information about the credit crunch, the study discovered.
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