A third of UK parents cutting back on children’s pocket money - short news
Cost of living crisis has meant the average amount given to children has fallen to lowest level since 2001
Children’s piggy banks are paying a high price for the cost of living crisis after almost a third of parents cut back on pocket money during the last year.
The average amount that is going into the pockets of under-16s each week has dropped by 23% to £4.99 this year from £6.48 in 2021, according to research from the lender Halifax – the lowest amount since 2001.
..source: The Guardian - 07.08.2022