Fewer children doing chores to top up pocket money
Children are less likely to do chores around the house in order to earn extra pocket money, according to a survey carried out for the Dutch finance ministry.
Around 49% of children aged between eight and 11 topped up their pocket money in this way, compared to 61% five years ago. The proportion was even lower in the cities (42%) and among children in wealthier families.
Four in five children received pocket money from their parents, usually in the form of cash, though in 25% of cases the money was paid into a bank account. Boys were most likely to spend their money on computer games, while girls preferred to buy books and magazines. Some 86% of children surveyed said they saved at least half of their pocket money to spend later.
The poll of 1,000 children was carried out for Money Week, an initiative by the government that encourages schools to teach children about financial responsibility.
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