AUDIO
Posted by Aston Avery
Pocket money falls below £5 a week for first time in 20 years
Children across the UK are now getting less pocket money, as parents come up against the cost of living.
A third (32%) are altering how much they’re putting into their kids’ piggy banks each week.
The annual Pocket Money survey – which has been compiled by Halifax since 1987 – shows that weekly pocket money has dropped by 42% from £6.48 to £4.99 on average.
It’s the first time in 20 years pocket money for 8 –15-year-olds has fallen below a weekly average of £5.
Aston spoke to Emma Abrahams, head of savings at Halifax.
Photo by Colin Watts on Unsplash
Ads help us keep this site online