Tuesday, January 22, 2019

Taiwan School Bank Experiment: Money Lessons for Life


A school in Taiwan uses a controversial social experiment to teach students the value of money


A counting machine flips through a stack of bright pink-coloured paper money - bills destined for children at an elementary school in Taiwan.
The notes are either passed out by teachers for a job well done, exchanged by children at a student-run grocery store, or - if the experiment is a success - carefully saved up and responsibly spent.
The idea for this school bank experiment was conceived by Lai Hao-wei, an education specialist at Wenlin Elementary School in Taipei, who was tasked by the school's principle to teach students the value of money.

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