Data from the NatWest pocket money index (looking at transactions from 308,000 children in the Rooster app), published with our Money blog, indicates only 30% of families now pay pocket money as part of a regular routine (down 2%), with children getting £3.78 on average a week (down 10p from last year).
As a matter of fact, children’s income presently comprises only 14% of their pocket money.
Rather, kids are creating new sources of income; on average youngster earns £479.96 a year (£9.23 a week) via odd jobs or self-employment.
Nowadays, kids in Britain are charging more for household duties and making more money from their side businesses.
