Kids and pocket money | Canstar
“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