This statistic presents the main reasons for the amount of pocket money offered by parents in Great Britain as of January 2016, depending on the child's age. Overall in all age groups, the largest share of parents based the amount on the general economic situation of the family. Furthermore 40 percent of the parents of children from 5 to 9 based their decision on their child's age, in contrast to 22 to 25 percent in the other age groups. Additionally, the older their children were the more parents oriented the amount of pocket money to their child's needs.
Main reasons for the amount of pocket money offered by parents in Great Britain as of January 2016, by child's age
Characteristic
5-9
10-14
15-18
Based on how much we can afford as a family
45%
50%
46%
Based on my child's age
40%
25%
22%
Based on my child's needs
21%
27%
31%
Based on what I know my child's friends receive
4%
8%
9%
If my child asks for more, I try to give them more
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." Multiple answers were possible.
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Experian. (February 11, 2016). Main reasons for the amount of pocket money offered by parents in Great Britain as of January 2016, by child's age [Graph]. In Statista. Retrieved October 19, 2024, from https://www.statista.com/statistics/515681/reasons-amount-pocket-money-by-childs-age-uk/
Experian. "Main reasons for the amount of pocket money offered by parents in Great Britain as of January 2016, by child's age." Chart. February 11, 2016. Statista. Accessed October 19, 2024. https://www.statista.com/statistics/515681/reasons-amount-pocket-money-by-childs-age-uk/
Experian. (2016). Main reasons for the amount of pocket money offered by parents in Great Britain as of January 2016, by child's age. Statista. Statista Inc.. Accessed: October 19, 2024. https://www.statista.com/statistics/515681/reasons-amount-pocket-money-by-childs-age-uk/
Experian. "Main Reasons for The Amount of Pocket Money Offered by Parents in Great Britain as of January 2016, by Child's Age." Statista, Statista Inc., 11 Feb 2016, https://www.statista.com/statistics/515681/reasons-amount-pocket-money-by-childs-age-uk/
Experian, Main reasons for the amount of pocket money offered by parents in Great Britain as of January 2016, by child's age Statista, https://www.statista.com/statistics/515681/reasons-amount-pocket-money-by-childs-age-uk/ (last visited October 19, 2024)
Main reasons for the amount of pocket money offered by parents in Great Britain as of January 2016, by child's age [Graph], Experian, February 11, 2016. [Online]. Available: https://www.statista.com/statistics/515681/reasons-amount-pocket-money-by-childs-age-uk/