British parents: leading reasons to give pocket money to children in 2016

Main reasons for giving pocket money to children according to parents in Great Britain as of January 2016

by Statista Research Department, last edited Feb 11, 2016
British parents: leading reasons to give pocket money to children in 2016 This statistic presents the distribution of parental reasons to give pocket money to children in Great Britain as of January 2016. The majority of British parents stated that they wanted their children to learn to handle money independently. Further 31 percent gave money as a reward.
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Main reasons for giving pocket money to children according to parents in Great Britain as of January 2016

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Share of parents
It is to help them learn about and manage money independently51%
It is a reward for good behaviour, for doing well at school, or for helping around the house31%
So they can buy things for themselves when I am not around9%
My child would expect to receive pocket money like their friends do4%
It is the normal thing to do amongst my group of friends3%
Don't know, have never considered it1%
Other1%
Share of parents
It is to help them learn about and manage money independently51%
It is a reward for good behaviour, for doing well at school, or for helping around the house31%
So they can buy things for themselves when I am not around9%
My child would expect to receive pocket money like their friends do4%
It is the normal thing to do amongst my group of friends3%
Don't know, have never considered it1%
Other1%
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by Statista Research Department, last edited Feb 11, 2016
This statistic presents the distribution of parental reasons to give pocket money to children in Great Britain as of January 2016. The majority of British parents stated that they wanted their children to learn to handle money independently. Further 31 percent gave money as a reward.
Show more
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Statistics on "Pocket money in the United Kingdom (UK)"
  • Parental motivation for giving pocket money
The most important statistics
  • Frequency of giving pocket money
  • Pocket money amounts
  • Children's spending and parental expectations
  • Financial education and money management
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