Pocket money rises by 11p a week
New research from Halifax has revealed that the Nation’s children are receiving an average £6.24 a week in pocket money.
In 2009, pocket money support for offspring aged between eight and 15 has increased by 11p on a year earlier, despite the recession.
However, the average is significantly down on the £8.37 a week handed out to youngsters in 2005.
Currently, 12 to 15-year-olds pocket an average £7.44 a week, while those aged between eight and 11 receive only £4.80.
In addition, boys typically receive £1.30 more each week than girls, at an average of £6.88, compared with £5.58.
London parents pay the most, at £10.79 per child per week, followed by those in North East England, at £6.86.
Children in the South West and East Anglia are worst off, receiving a dab in the hand of £4.50 and £4.91 respectively.
Forty-nine per cent of the 1,200 children interviewed by Halifax said they saved at least half of their pocket money but one quarter had spent out by the end of the week.
Encouragingly, 77% of those surveyed showed an interest in learning more about saving.
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