UK kids use AI to manage pocket money like traders
In brief
- 40 % of UK minors have already asked an AI for financial advice on pocket money management.
- Apps like Collectr or games like FIFA teach young users market mechanisms through collectibles and virtual trading.
- Schools are integrating financial education, while banks develop tools to engage this new generation of investors.
In the UK, 40 % of minors have already sought AI advice for financial decisions, according to a GoHenry study. This trend leverages tools like collectible cards or video games that introduce young people to market mechanisms.
Children use apps like Collectr to track the value of their Pokémon cards, with weekly price updates and trend analyses. Other platforms, such as FIFA’s Ultimate Team mode, turn players into virtual portfolio managers. Online communities like Discord’s « cook groups » share strategies for reselling sneakers or collectibles.
Schools are adapting: financial education will become mandatory in England by 2028, while France is rolling out initiatives like the Educfi passport or a dedicated European AI. Banks, including Barclays with its acquisition of GoHenry, are already targeting this generation of young investors.
What it changes for you
- EducationFinancial education will become mandatory from primary school in England by 2028, including workshops on budgeting, savings, and credit.
- Finance & BankingBanks are developing tools like GoHenry to engage young investors, offering portfolio management and market analysis features.
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