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Money and Finances
Reply to "Teaching kids financial basics in a zero interest rate environment"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]As long as they don't have too much in savings, you could personally pay them 5-10% interest to encourage them to save and explain that 5% is closer to the long-term average for CDs.[/quote] This would be a disastrous lesson to teach them, and will result in them underfunding their pensions in future years.[/quote] I was assuming that we're dealing with elementary school aged kids and OP just wants to teach them that if you save money, you'll end up with more money later. Venturing into the stock market would be a way to do this, but you run the risk of spooking the kids in downturns.[/quote]
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