The probability of children finding themselves in these situations can vary within a country depending on their socioeconomic and ethnic background, the region where they live, or whether they are being raised by a single parent or not. Meanwhile, Romania and Bulgaria were, in 2021, some of the countries with the most children at risk of poverty or social exclusion in Central and Eastern Europe. For example, approximately a fifth of all minors in France lived under the poverty line in 2019.

The most common financial instruments for children between eight and 14 years old in the United States were savings accounts and piggy banks.Ĭhild poverty is a problem affecting a significant share of the population even in developed economies. There are several ways through which children can save money themselves or with the help of their parents. In Japan, kids had more money before they reach the age to enroll in elementary school than during their elementary school studies. Grants can be based on a student’s financial need or merit. The average amount of pocket money of Japanese children did not exactly follow the correlation observed in this statistic about the United Kingdom. Long John the Feca has promised you an attractive reward for each Wanted monster you bring to him. The two are directly related: College grants reduce the out-of-pocket costs of higher education. The highest-paid chore for kids in the UK was washing the car. There was a clear correlation between their age and the amount they received, with children aged four collecting less than a third of what a thirteen-year-old would earn each week.

On average, older children in the United Kingdom (UK) received more pocket money than younger ones in 2021.

Pocket of money