Fears children can’t grasp the value of money because we use ‘invisible’ cash on credit cards instead of notes and coins, finance expert claims
- Concerns kids can no longer grasp value of money due move to cashless society
- Financial expert says parents struggling to raise ‘invisible money generation’
- ‘Cash still exists, it is in our control as parents to use it,’ Dante De Gori said
There are grave concerns that children can no longer grasp the value of money due to the speed our society is moving to a cashless society.
Dante De Gori, chief executive officer of the Financial Planning Association (FPA), spoke to 3AW on Monday explaining how parents are struggling to raise ‘Invisible-Money Generation kids’.
‘Cash still exists, it is in our control as adults and parents to use it. From the age of four children mimic and watch our behaviour, and we should alternate between card and cash,’ Mr Gori said.
There are grave concerns that kids can no longer grasp the value of money (stock image)

Dante De Gori (pictured) chief executive officer of the Financial Planning Association (FPA) explained how parents are struggling to raise ‘Invisible money generation kids’
‘They are growing up in a world where technology is greater now…their experience and behaviour, understanding is on the technological side of things rather than the value money.’
He said this drastic change from cash to cashless is causing parents to fear that their kids won’t understand the value of money.
The FPA describe the ‘invisible money generation’ as those aged 18 years and below for ‘whom money is often unseen in the form of online transactions, credit and debit cards, and ‘tap and go’.’
In their ‘Share the Dream’ report released on Monday the FPA found 66 per cent of parents believe digital money makes it more difficult for their children to understand the value of ‘real money’.
It also found 62 per cent of parents believe the ‘invisible money generation’ will ‘be financially worse off than their own family’.
The report continues to offer advice to parents who are struggling to talk about money with their children.

62 per cent of parents believe the ‘invisible money generation’ will ‘be financially worse off than their own family’
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