Gen Alpha

How to Teach Gen Alpha Kids About Money in a Digital World

Investing is changing fast, raising the stakes for showing the next generation how to manage their finances.

Illustration: Shira Inbar for Bloomberg Businessweek

The first time a child taps a phone to pay for something, there are no bills handed over, no coins counted back. The money disappears with a beep. For many parents, that’s the moment they realize an uncomfortable truth: They don’t know how to explain what just happened.

Given how fast personal finance has moved from an analog exercise in balancing a checkbook to needing to understand digital payments, cryptocurrencies and buy now, pay later plans, many parents of school-age kids aren’t exactly sure how to talk to their children—let alone teach them—about modern finance.