Children poor parents do chores – Focus on News

Monday, 14. March 2016 – 8:02 Update: 15-03-2016 7:53

Children who do not get pocket money to give particular that they do not need it because their parents pay for everything they need. According to figures from Pointer in Finance.

Children of parents with a relatively high income have higher than average monthly pocket money. The height of the pocket money increases with age. Children from group 5 receive an average of € 6.79 per month, while children receive from Group 8 on average € 10.41. Children get pocket money usually cash, but a quarter will get pocket money (well) paid into the bank account.

Chores

Next getting pocket money, half of the income children by doing paid jobs, most of which it once a month or less does. The size of the amount varies by age. Children from group 5 receive an average of € 1.56 per char, while children from Group 8 received an average of € 2.55 per char. In addition, the majority of children does get money from their parents or others for his birthday or the report.

Children of parents with a relatively high income (& gt; € 67,000, -) say more likely than other children to do more than one or a few times a year chores (56 % versus an average of 45%). Ie children who have parents with lower incomes do frequent chores in exchange for money.

Knowledge about money

More than half of the children can tell a ten euro has the color red. A quarter cites similar colors such as orange and red (which we considered good), while the rest do not claim to know or give a wrong answer. Children from grades 7 and 8 often give the correct answer compared to children from group 5 and 6.

The majority of children in grades 7 and 8 know you get interest if you save money at the bank, but you also have to pay interest when you borrow money from a bank. Three-fifths of the children is said to have had lessons in school about how to deal with money.