The older the child, the more likely the AI will prefer a conversation with the parents, according to research among more than a thousand young people. Of 12-year-olds, 7 percent are more likely to consult a chatbot than their parents. For 16-year-olds that is 14 percent.
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But parents haven’t completely given up. Two in ten young people even say they would like to talk to them about money more often than is currently the case. But to be completely honest, they are not necessarily there. Four in ten say they have concealed purchases or debts from their parents.
“Young people are quickly embracing the possibilities of AI and want to involve their parents as much as possible,” says Bianca Zwart of online bank Bunq, who commissioned the research. “The power lies in the combination: using smart tools and setting goals together with parents.”
Talk about money more often
According to the research, almost two-thirds of all young people have set themselves ‘a clear financial goal’. Younger age groups save more enthusiastically than older people. The desire to save is lowest among 16-year-olds. Of these, 52 percent set aside specific money.
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Additional research among 580 Dutch parents shows that they also like to talk about money with their children more often. One in ten parents surveyed say they have no idea how much their children spend per month.
According to Zwart, there is no harm if parents become more involved in their children’s financial affairs. “You often learn good habits at a young age and carry them with you throughout your life – even when it comes to money. Having their own account helps children to save, budget and set goals together with their parents.”