My sister and her family came over for dinner last Saturday night. Her son, who is about 11 years old, had brought over homework that he needed to finish. Because he had some questions he was struggling with, he thought perhaps he could get his homework done by committee.
The questions pertained to what I used to know as "current events". I have no idea what they call it now. One of his questions involved the bailout and congress. I suddenly struck me that our children are very aware and conscious of the struggles we are experiencing in the housing market and on Wall Street. What must they be thinking?
When I was 11 years old (many, many years ago), I guess I was somewhat sheltered from the crises that were occurring in the world. We didn't have instant information - no Internet, no cell phones. People got their information from the newspaper and the evening news.
Today, due to the Internet, children are thrust right into our "current events" and it must be pretty scary. As freaked out as adults are, you can imagine what's going through our children's heads.
I firmly believe this crisis will pass and there will probably be many improvements as the result of it. Eventually, what we are experiencing now will be history. I hope when authors write about it in the history books, it will show we had a happy ending.
Take care.
I think it is a good thing that children are learning at an early age about economics. That way they can become responsible adults.