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I disagree. By learning how to use money early in their lives, children can be much better at managing it as adults. Further, I believe that students, be they on the standard track or in college, should be getting an increased income based on their grades. This gives an material reward for learning and mastering the discipline to do stuff, which are lifelong skills that are best developed early in life.
In the case of children, we can also split their income - they receive a portion directly, and another part goes into a nest egg. When they reach age 20, all the money that goes into the nest egg is released to them - which they can immediately spend on a house, car, and other things that let them leave the nest.
The American tradition of just kicking kids out of their parent's home without support or forcing them into debt over schooling, is a shitty one. Society can do much better, by thinking about what kind of lives we want everyone to have - and how to structure the establishment of that life.
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As part of this, money in a Universal Services society plays an extremely important role: Culture. Money is used purely for things of luxury - bedsheets with characters on them, going to a bar to hang out with the crew, being able to choose entertainment, to buy untasted food, traveling the nation and trying out stuff...
All of that develops culture within a person. By allowing all citizens to have some money by default, they get to explore what they can be. A child, therefore, can become their best self.
As it currently stands, a child is hostage to the beliefs, character, and circumstances of their parents. We can make it much easier for children to be free to become themselves.