Children receive an average of just over £8 a week in pocket money, 600 per cent more than they got 20 years ago, research showed today.
The amount of money children get has soared from just £1.13 in 1987 to £8.01 today, an increase of more than six times the rate of inflation, according to Britain’s biggest mortgage lender Halifax.
But despite the huge rise during the past 20 years, the level of cash children receive has fallen during the past two years, with an average of £8.20 in 2006 and £8.37 in 2005.
Children in the South East get the most pocket money at an average of £10.43 a week, followed by those in the East Midlands at £10.01.
But at the other end of the scale pocket money is lowest for children in the North East at just £5.70 a week, while those in Yorkshire and Humberside do not fair much better at £5.92.
Children in the North West have also seen the biggest fall in their pocket money, with the amount they receive dropping by 31 per cent since last year, with children in London also suffering a 30 per cent fall in their pocket money to £8.16.
Children in Yorkshire and Humberside, the South West, the West Midlands and Scotland have all seen a drop in their spending money.
The biggest winners this year are children in East Anglia who have seen their pocket money soar by 42 per cent to an average of £9.40.
Boys get more
Overall, seven out of 10 children say they receive pocket money, broadly in line with the number who were given it 20 years ago.
But only 52 per cent of children in the South West say they receive cash, compared with 77 per cent in the North East and 75 per cent in Yorkshire and Humberside.
Girls are slightly more likely to receive pocket money than boys, with 71 per cent getting it compared with 68 per cent of boys, although boys receive a higher amount at an average of £8.02 a week compared with £7.99 for girls.
Unsurprisingly, pocket money increases with age, with children between seven and 11 getting around £6.41 a week, while those aged between 12 and 16 get £9.53.
Among those who do receive pocket money 77 per cent get it from their parents, although 31 per cent of children said they got it for doing jobs around the house.
Girls are slightly more likely to get paid for doing chores at 35 per cent, compared with only 28 per cent of boys.
They are also more likely to get paid for doing well at school, with 22 per cent of girls aged between 12 and 16 rewarded for academic achievement, compared with just 14 per cent of boys in the same age group.
More than a third of children get money for tidying their bedroom and cleaning the house, while 32 per cent get paid for doing the washing up.
Children are most likely to spend their pocket money on snacks, with 73 per cent spending an average of £1.72 a week on sweets, chocolate and crisps.
Dubit questioned 1,360 children aged between seven and 16 between April 13 and May 4.
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