Pocket money amount: do you give more (or less) than average?

Children spend more, but in a different way than five years ago. On March 18, the French Banking Federation (FBF) published its “annual barometer on the financial and budgetary education of children aged 8 to 14”. On average, they receive 29 euros pocket money per month. A lower amount among 8-10 year olds who benefit from 24 euros of pocket money, compared to 32 euros for 13-14 year olds. A study published in 2022 had also revealed disparities in the amounts depending on the sex of the child, one cannot dream of them. The teenagers received on average 4 euros more per month than teenage girls.

No more second hand shopping

Furthermore, the FBF detects behavior different among children who receive pocket money: despite being more aware of the concept of budgeting, money is no longer meant to be saved. On the contrary, they are well spent even by children.

This is the age range of The 11-12 year olds who spend the most : 56% of children surveyed do not plan to save at all. This is an evolution of more than 14 points in just one year. Once the money is in their pockets, young people spend it alone, without being accompanied by their parents.

AND they spend a lot online, although these purchases are slightly down by 4 points. Good news, young spenders are turning a lot to second-hand and second-hand goods, but also to resale (with an increase of 8 points in five years). Because 48% of them declare themselves ready to resell objects that are no longer of their age rather than donating or throwing them away. A three-point increase compared to 2022.

Read also: The girls would receive less pocket money than the boysit gets them used to what happens next at least