Pocket money payouts less in Hull and East Yorks

Published: Friday 3rd June 2016 by The News Editor

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Hull and East Yorkshire parents are among the stingiest in the country when it comes to dishing out pocket money, a new survey suggests.

The average weekly payout for Humberside and Yorkshire children is £6.25 – 30p below the UK average. But this is still up an inflation-busting 7% on last year.

Londoner children get the biggest weekly parental handouts at £8.21. Only three regions are more penny-pinching than Humberside and Yorkshire mothers and fathers, the Halifax poll shows.

East Anglian offspring get the lowest amounts of pocket money at £4.96.

Overall, nationwide weekly pocket money levels have not been as high as the current £6.55 since 2007 before the credit crunch struck. It also represents a 6% rise from the £6.20 “earned” in 2015.

But still over four in 10 children (42%) say they ought to get more.

Halifax polled kids aged between eight and 15 as well as their parents. Boys claim they typically get 77p above the average girls’ pocket money.

This year has seen the proportion of children receiving pocket money rising from 78% last year to 81% this.

Halifax Savings head Giles Martin said: “Some parents are clearly not feeling the pinch in the same way as they have done in recent years, when weekly pocket money dipped as low as £5.89.”

Copyright Press Association 2016

Published: Friday 3rd June 2016 by The News Editor

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