Is inflation causing children’s pocket money to decrease?

Is inflation causing children’s pocket money to decrease?

2024-08-30 15:19:52

The last time this phenomenon occurred was during the health crisis associated with Covid-19. The monthly pocket money that parents give to their children is decreasing. Data from the Pixpay TeenLab barometer show that this year the average price reached 29 euros, compared to 31 euros last year. BFM Business this Thursday. This is the number observed in 2021.

Geographical differences

The average amount of pocket money young people receive has increased every year since then, a phenomenon that could be explained by a fall in household purchasing power due to inflation. The study, based on data from an app used to manage payments to children, also showed that the average amount of pocket money received varied by region.

Thus, parents in Corsica were the most generous, with an average of €39, while Brittany, which ranked last, had €25. When financial incentives were given as a reward, it was usually after good academic results. Reasons cited at that time included completing household chores, taking care of children or not using screens.

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