Teenagers have less to spend but deal with their money better

School children had less money to spend last year but are better at dealing with the cash they have, according to new research by the family spending institute Nibud.

School pupils aged 12 to 18 had an average of €103 to spend last year, well down on the €144 they had in 2008.
Nevertheless, they are less likely to run up debts or say they don’t have enough money than two years ago, Nibud said.
For the first time in the 27 years that Nibud has carried out research into teenaged spending patterns, girls have more money than boys – €108 compared with €99.
This is because they are more likely to work and to get more clothes allowance from their parents.
Some 42% of teenagers have a job, working an average seven hours a week.

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