Most children will have the same pocket money, but will buy much less with it

Two-thirds of parents give pocket money to their children, according to an Ipsos survey for UniCredit Bank.

More than three-quarters of the parents who give pocket money to their children will not change its amount, and the children will thus receive the same amount as before. However, its real value is decreasing due to high inflation, and the children will have to be modest.

It will be even worse for children whose parents plan to reduce pocket money, this was mentioned by every ninth respondent in the survey. These children will thus pay twice as much for inflation – their pocket money will decrease nominally and inflation will also cut part of the real value of their money.

Inflation affects children as well, parents limit school expenses

Finance

Only in roughly one in eight families do parents plan to increase the pocket money of their offspring or offspring in order to maintain the standard to which the children are accustomed.

Most often a hundred up and down

A maximum of one hundred crowns is the most frequently mentioned amount that parents take from their children’s pocket money (58 percent), or by which they increase their pocket money (41 percent).

36 percent of parents will reduce their pocket money by more than one hundred and less than three hundred crowns. Almost two-fifths of parents will increase pocket money for their children by an amount in the same range. Less than a fifth will increase it by an amount from 301 to 500 crowns.

A fifth of parents do not teach their offspring to farm at all

Finance

He has to earn his pocket money

The most frequently established practice in Czech families is the so-called two-component pocket money, which is given to children by almost half (47 percent) of parents. It means that part of the pocket money is fixed and automatic, and they get the other part when they meet some condition, for example, they help with homework, get a good grade at school, etc.

A third of parents only reward their children financially for helping around the house, doing well at school or on birthdays, etc.

Less than a fifth of families receive pocket money automatically and without conditions.

The article is in Czech

Czechia

Tags: children pocket money buy

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