Belfast Telegraph

Children failing to save pocket money, says new study

By Alan Jones

Half of children do not save any money, even though the average weekly pocket money in the UK is more than £14, according to a new study.

However, kids in Northern Ireland get slightly less - £13. Research among thousands of youngsters aged eight to 18 found that one in eight spent their allowance in the first few days.

Money management firm the Children's Money Company said its poll of 4,000 youngsters found that those in London received the most pocket money, at more than £17 a week. The smallest weekly amounts were just under £11 in the East Midlands.

Belfast Telegraph