British parents: reasons to give pocket money as of 2016, by age of child

Main reasons for giving pocket money to children according to parents in Great Britain as of January 2016, by child's age

by Statista Research Department, last edited Feb 11, 2016
British parents: reasons to give pocket money as of 2016, by age of child This statistic presents parental reasons to give pocket money in Great Britain as of January 2016, depending on the age of child. Within the age group from 5 to 7, the motive to teach children to manage money independently and pocket money as a reward were reported by around 40 to 45 percent each. With the increasing age, the share of parents who reported that they want to teach independent behavior increases. In comparison with the other age groups, more parents of children from 15 to 18 answered that the children should have been able to buy things for themselves when the parents were not around.
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Main reasons for giving pocket money to children according to parents in Great Britain as of January 2016, by child's age

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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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