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Mar 21

Kids and pocket money | Canstar

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Mar 21

“The Commonwealth Bank recently released a survey on pocket money; apparently it’s worth $1.4 billion each year!

They surveyed 1,023 parents of a child/children aged 4 – 15 years and found the following:

  • Almost 80 per cent of parents pay pocket money, with the average starting age at just over six years old.
  • Younger children save more of their pocket money than older children.
  • The most common chores for earning pocket money are tidying the bedroom and washing dishes.
  • Children are most likely to spend their money on food, snacks and lollies.

Read the full article here Kids and pocket money | Canstar.

Justine Davies on 28/02/2013

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