But I guess like you were saying, your kids spending it on gambling or wants to, at least. SEANA SMITH: I don't know how I would feel about my kids spending hard earned money on Robux for Roblox. Some of them like that their kids are, they think, learning in this digital space. And when you just swipe a phone or when you spend digital money, you don't truly realize what you're spending, the value of a dollar. I always felt that you did by holding that money, by having $5 or $10, and by spending it and realizing that a Starbucks actually costs $7. And I guess the concern is they don't really understand the value of a dollar. You kind of see the similarities, yeah.ĭAVE BRIGGS: Yeah, most of these kids do want it in some type of digital currency. Typically, my son wants gambling money on FanDuel or DraftKings, but that's a whole other story. My kids don't play Roblox, but it's all digital money that they ask for. And the financial literacy is my concern here. And allowances really don't exist anymore at all, in part because their money is here. I don't know as a parent how I would feel about that, though.ĭAVE BRIGGS: Not great. Now she has control over what she's buying on Roblox. They would have a say in what she was getting. There was a 12-year-old that was quoted in here, saying that if she were to get real money or spend money in real life, she'd have to ask her parents to take her to the store. Also, my kids are a little bit too young to be playing video games yet.īut it's an interesting trend. I never got allowance, so I'm not exactly the best person to weigh in here. Apparently, more kids are telling their parents that they would rather be paid in Robux- that's video game Roblox's form of online currency- than receive cash for their household chores. Yahoo Finance Live checks out the trend where children are forgoing cash allowances or gifts for virtual currencies.
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