961 Kids and Money

Diego and Hana debate teaching kids about finance.


Hanna: So, next week I have to do a debate in my finance class.

Diego: Oh, really, what is your debate about?

Hanna: Our debate topic is about whether we should teach finance to kids, so things like investment and the stock market. Things like tax.

Diego: OK, and what do you think about the topic?

Hanna: I think it is really important that kids learn about things like this, particularly in our society these days, where literally everything revolves around money. I mean, even when you're fourteen or fifteen, you go out and get a job and you have to start doing things like paying tax, and I mean, you're gonna have savings, and you can invest that if you wanted to and turn that into more money, so even when you're really young I think it is important to know this kind of information.

Diego: But don't you think that there's a lot of consequences when you're burdening kids from ... what was it - middle school, high school with financial responsibilities? I mean kids are kids after all. Shouldn't they be playing around ... going to the park instead of worrying about the stock market crashing in Europe or in the states?

Hanna: Well, they don't have to worry about the stock market crashing, but I think it is good if just they know a little bit of information about it.

Diego: But if they have all the information every time there's a drop in GE stocks, they're going to flip out and you know, they won't be able to sleep and you're giving kids too much to worry about in an age they shouldn't be worrying about these things. It is after all they're parents' responsibility to worry about these things, and eventually it's going to be their turn but I think it's just giving them something before they have to worry about it.

Hanna: So you think junior high school's too early to start to start teaching kids about this kind of stuff?

Diego: I think so. Yeah. Especially when you're making it because they have to take responsibility of their own money considering the fact that they don't even have an income.

Hanna: What if they do have an income?

Diego: Well, they're income would be like five dollars an hour, so I don't think they'll be investing anything of that

Hanna: Well, you never know.

Diego: Maybe.

Learn Vocabulary from the lesson

revolves around


Everything revolves around money.

Here, Hannah is saying that money affects all areas of life. Here are two samples.

  1. His whole life revolves around sports.
  2. My dad’s not home much. It’s like his life revolves around work.



There are a lot of consequences.

‘Consequences’ are the result of our actions. The term is most often negative. Notice the samples.

  1. The health consequences of smoking are well known.
  2. Lack of exercise and poor diet can have negative consequences later in life.

kids are kids


Kids are kids after all.

Here, ‘kids are kids’ means that kids are not the same as adults. Notice the following.

  1. Cultures are different, but people are people.
  2. My job is interesting, but work is work. I’d rather be playing tennis.

a drop in stocks


There’s a drop in GE stocks.

A ‘drop in stock’ means the price goes down for a stock price. Notice the sample sentences.

  1. The poor economy caused a drop in stocks.
  2. The Gulf of Mexico oil spill caused a drop in BP stock.

flip out


They’re going to flip out.

When we flip out we react strongly to something. It’s almost always negative. Notice the following.

  1. When my parents saw my tattoo they flipped out!
  2. He flipped out when he wasn’t accepted to the university.
Answer the following questions about the interview.

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Vocabulary Challenge

Complete the sentences with the words below.
revolves around • consequence • kids are kids • drop in stocks • flips out
  1. Her life her boyfriend.
  2. She is usually very calm, but when she's stressed she sometimes .
  3. He has to be more careful with his money because of the this year.
  4. It is obvious that a of coming to work late everyday is that you will lose your job.
  5. I told my son to be quiet and well-behaved on the plane, but .