A recent survey of UK families carried out by Aviva revealed the average pocket money for:
| Age | Average weekly pocket money |
| 5 to 8 year olds | £2.62 |
| 9 to 11 year olds | £3.82 |
| 12 50 15 year olds | £6.96 |
| 16 to 18 year olds | £9.88 |
| Across all ages | £5.75 |
There are, of course regional differences. Unsurprisingly London children top the pocket money table receiving an average of £13.12 per week, The West Midlands and the North East rank second and third, with £9.75 and £8.00 per week, respectively. A child in Wales receives the least amount of pocket money with only £4.64 per week on average.
Children need to learn about money and the implications of spending and saving. Here are seven top tips to educate children. Plus parents need to decide whether pocket money is earned or just given without conditions. And we have discussed this more fully in an earlier article on Pocket Money.
When do you stop giving pocket money?
When it comes to parents with teenagers, one in five says their teenager is working part-time every week to subsidise their cash. Of those working, the majority of parents have encouraged them to take on a part-time job for the money, while just over half want them to get employment for personal benefits such as building confidence or giving them responsibility.