“Put it in bitcoin, baby,” is the advice from one 10-year-old when asked what financial tips she would give to her parents.
The young property speculator is also on the money: UK house prices have jumped almost 10 per cent year on year on the back of a rush among homebuyers to take advantage of the Government’s stamp duty holiday.
But the responses also highlight why it is so important to teach children, perhaps not about investing explicitly, but the value of money from an early age given our bitcoin enthusiasts would also have lost a third of their cash if they invested in the cryptocurrency over the past three months.
While one student wisely said that their parents should “buy shares in a growing company” another said her mum and dad should use all their money to purchase trainers.
Myron Jobson, personal finance campaigner at broker Interactive Investor, says: “Children advising parents to buy bitcoin is indicative of the sway the cryptocurrency has among young people.
“Unfortunately, the risks and volatility of the coin aren’t always laid bare.
Although children may now be back at school, experts say there are still a number of lessons parents might want to keep on the home-school timetable for when they have a spare moment with their kids.
“The subject might seem quite daunting, particularly when children are at a younger age.