This statistic presents the distribution of parental reasons to give pocket money to children in Great Britain as of January 2016. The majority of British parents stated that they wanted their children to learn to handle money independently. Further 31 percent gave money as a reward.
Main reasons for giving pocket money to children according to parents in Great Britain as of January 2016
Characteristic
Share of parents
It is to help them learn about and manage money independently
51%
It is a reward for good behaviour, for doing well at school, or for helping around the house
31%
So they can buy things for themselves when I am not around
9%
My child would expect to receive pocket money like their friends do
4%
It is the normal thing to do amongst my group of friends
The source adds further comments: "Quotas were set to ensure an even minimum sample of 500 parents of children aged between 5-9, 10-14 and 15-18. Data were weighted by age, gender and region to be representative by all parents in Great Britain."
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Experian. (February 11, 2016). Main reasons for giving pocket money to children according to parents in Great Britain as of January 2016 [Graph]. In Statista. Retrieved December 31, 2024, from https://www.statista.com/statistics/513940/parental-reasons-to-give-pocket-money-great-britain/
Experian. "Main reasons for giving pocket money to children according to parents in Great Britain as of January 2016." Chart. February 11, 2016. Statista. Accessed December 31, 2024. https://www.statista.com/statistics/513940/parental-reasons-to-give-pocket-money-great-britain/
Experian. (2016). Main reasons for giving pocket money to children according to parents in Great Britain as of January 2016. Statista. Statista Inc.. Accessed: December 31, 2024. https://www.statista.com/statistics/513940/parental-reasons-to-give-pocket-money-great-britain/
Experian. "Main Reasons for Giving Pocket Money to Children According to Parents in Great Britain as of January 2016." Statista, Statista Inc., 11 Feb 2016, https://www.statista.com/statistics/513940/parental-reasons-to-give-pocket-money-great-britain/
Experian, Main reasons for giving pocket money to children according to parents in Great Britain as of January 2016 Statista, https://www.statista.com/statistics/513940/parental-reasons-to-give-pocket-money-great-britain/ (last visited December 31, 2024)
Main reasons for giving pocket money to children according to parents in Great Britain as of January 2016 [Graph], Experian, February 11, 2016. [Online]. Available: https://www.statista.com/statistics/513940/parental-reasons-to-give-pocket-money-great-britain/
