What does pocket money teach children? It can offer social as well as financial education

By Gaby Harris, Lecturer, Manchester Metropolitan University

If you’re a parent, the summer holidays and approaching new school year might have you questioning your children’s access to pocket money – how much they get, how much they’re spending and what they’re spending money on.

How pocket money is provided varies. So be reassured there is no right, wrong or normal way to give your kids money. For some households, it will be weekly small amounts simply for kids to use at their leisure. For others, it will include forms of payment for work done around the house.

According to recent data from…

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