Posted by Aston Avery

Parents would rather their child receive money as a gift

Two thirds (62%) of parents are concerned about the amount of unwanted “tat” their children may receive this Christmas.

The latest data from Ford Money found more than half (52%) of parents say that items such as clothes, toys, and jewellery often never got used after the holiday period.

Given the current socio-economic climate and ongoing environmental battle, it’s no surprise that more than half (58%) would rather their children receive a monetary gift this year than a new toy.

Aston spoke to Francesca Henry a.k.a The Money Fox and Will Davies, Ford Money’s chief deposits officer.

Photo by Colin Watts on Unsplash

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