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Kids stash record pocket money cash

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Kids stash record pocket money cash
Photo: DPA
16:23 CEST+02:00
German children are getting more pocket money than ever before, a study released on Tuesday suggests.

Kids in Germany appear to be wandering around with growing wads of cash in their pockets, new figures show.

On average, children between ages of 6 and 13 get €27.56 a month given to them by their parents – up 40 cents since last year – this year's Kids Consumer Analysis (KidsVA) study found.

Meanwhile, preschoolers are clutching quite a bit less in their hot little hands than in 2012. Of the 55 percent of nursery age youngesters who get pocket money, the average amount is just €10.68 a month – down by nearly €4 since last year.

Parental pocket money is topped up at regular intervals at special times of the year, the study found. Older children stash away an average €80 for Christmas, €64 for their birthdays and €25 at Easter – not including money from visiting relatives, rewards for good reports or for helping with household chores.

Four out of five kids are free to decide what to do with their money, with many often opting to splash their cash on sweets, magazines, food and drink, the study said.

Study authors Egmont Ehapa publishing house conducted 1,645 interviews with children and parents in a bid to represent Germany's 5.9 million 6 to 13-year-olds and 1.37 million preschoolers.

DPA/The Local/jlb

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