The telegraph reports that more than 35% of children own a mobile by the time they are eight, and 75% of all 7 to 15 year olds now own a mobile device. The survey also highlights how the mobile phone is driving financial awareness. Children as young as seven are downloading ringtones and other content forcing them to get to grips with money. It also found children offering to do chores in exchange for cash to purchase content. Given the current economic climate maybe we’ve got something to learn for this younger financially savvy generation.