Abstract
This study investigated children's interest in and understanding of money. Children's interest was evaluated in a recall memory task and by simple choice of a favorite item. Understanding of money was determined by giving children a choice of 100 pennies or one dollar bill and by evaluating the reasons that they gave for making their choices. One hundred thirty-four children ranging from 3 through 11 years old participated in the study. Between the ages of 5 and 7, children showed a marked increase in interest in money and rational understanding of money. These results concur with recent findings concerning children and altruism with money.
| Original language | English |
|---|---|
| Pages (from-to) | 343-350 |
| Number of pages | 8 |
| Journal | Basic and Applied Social Psychology |
| Volume | 1 |
| Issue number | 4 |
| DOIs | |
| State | Published - 1 Dec 1980 |
| Externally published | Yes |