Girls earn more pocket money than boys in South Yorkshire

Children in South Yorkshire receive an average of £6.36 pocket money a week, a survey has found.

Sunday, 22nd July 2018, 8:08 am
Updated Sunday, 22nd July 2018, 8:22 am
Children in Yorkshire receive an average of 6.36 a week

Girls typically receive more pocket money than boys, reversing a gender gap which has been seen for over a decade, according to the Halifax Pocket Money report.

The survey found that on average nationally girls receive £7.09 a week,

Boys can typically expect to receive 18p per week less than girls, at £6.91.

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It is the first time since 2006 in Halifax's study that girls have been the recipients of more money than boys.

Just over half - 51 per cent - of boys said they believe they should be given more pocket money, compared with 41 per cent of girls.

Cash remains king when it comes to how children receive their pocket money.

Some 84 per cent of parents give pocket money in cash, while a fifth - 19 per cent - have paid pocket money directly into their child's bank account, and three per cent have used a pocket money app, the survey of parents with children aged eight to 15 found.

Just over three-quarters - 76 per cent - of children use a traditional piggy bank to store their cash.

Looking at girls and boys combined, the overall average amount of weekly pocket money children receive has fallen by 3p compared with last year, Halifax found. It was the first fall in children's pocket money in four years.

Just over a quarter of parents encourage their children to earn their pocket money by doing housework and chores, and nearly half would withhold pocket money if these jobs are not done properly.

Half of parents would stop giving pocket money as a way to punish bad behaviour, putting this method on a par with grounding as one of the most common ways parents try to keep behaviour in check, Halifax found.

Over a third - 36 per cent - of parents said they give their children enough pocket money to enable them to understand the value of money and the benefits of saving.

More than half - 54 per cent - of parents surveyed believe their children are good at managing money, and four-fifths - 80 per cent - feel their children understand the value of money.

Giles Martin, head of savings at Halifax, said: "It's great to see that so many parents still encourage their kids to save, and are using pocket money as a means of helping them learn to manage their finances early on.

"With so much new technology at people's fingertips, it is surprising to find that the humble piggy bank is still such a firm favourite among both parents and children."

Looking across Britain, children in London were found to receive the most pocket money on average, at £8.18, followed by youngsters in Scotland, at £8.11

More than 1,700 parents and the same number of children were surveyed.

Here are the average weekly pocket money amounts received across Britain, ranked from highest to lowest, according to the Halifax Pocket Money report.

1. London, £8.18

2. Scotland, £8.11

3. North West, £7.11

4. East and West Midlands, £7.01

5. Wales and South West, £6.75

6. North East and Yorkshire and the Humber, £6.36

7. South East and East England, £6.19