British parents: reasons for choosing pocket money amounts in 2016, by child's age

Main reasons for the amount of pocket money offered by parents in Great Britain as of January 2016, by child's age

by Statista Research Department, last edited Feb 11, 2016
British parents: reasons for choosing pocket money amounts in 2016, by child's age This statistic presents the main reasons for the amount of pocket money offered by parents in Great Britain as of January 2016, depending on the child's age. Overall in all age groups, the largest share of parents based the amount on the general economic situation of the family. Furthermore 40 percent of the parents of children from 5 to 9 based their decision on their child's age, in contrast to 22 to 25 percent in the other age groups. Additionally, the older their children were the more parents oriented the amount of pocket money to their child's needs.
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Main reasons for the amount of pocket money offered by 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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