Influence of Economical Literacy strategies of Parents in the Family Field on Children Economical Thought Development

From a constructivist perspective, the present study seek to determine the impact of economic literacy strategies recognized by children as used by their parents to orient them economically about the development of their economic thought and the joint effect of socioeconomic status, family structure and age of children. To accomplish these goals, it was selected a random sample of 151 children who assist to school regularly. They are between 10 and 14 years old in the city of Barranquilla. During the study, it was applied an interview guide and the test of economic literacy to these children. The results of multiple linear regression model with dummy variables show that when children get older, they present an increased understanding of the economic world and their parents used a greater number of economic literacy strategies and less likely to advance in the development of their economic thought if they belong to low socioeconomic status.