Pocket money is a big issue for parents. If some are in favor and do not hesitate to give their children a few small notes each month or every week, others, on the contrary, strongly oppose it. In any case, it allows young people to have their first relationship with money and really understand its value. This allows them to afford the things they want, usually within the framework set by their parents in spite of everything. Looking at this phenomenon, the French Banking Association and the Interactive Harris Institute have tried to find out with a very interesting study what the children bought with this money.
How do children spend?
Contrary to what one might think, children are not not large consumers. They would only have an average two purchases per monthwhich are really considered expenses every time. They actually are 78% confirm wait for the sale to start purchasing and 73% compare different outlets so you can buy best price. The survey also helps to better understand their view of money. Through various questions, the researchers were able to better understand what the children liked. ”Cher“: approximately EUR 83, and”cheap“: About 11 euros.
So children would have value for money, which is clearly far from the value of adults, but which still makes a lot of sense. They also tend to save money because 52% would like to save. However, don’t worry, the kids will also have fun with this pocket money. Despite this, only 4% say they share it with others. That is why they lack generosity.
A healthy relationship with money
This study shows that children have a relatively healthy relationship with money. They really don’t see it that way taboo subjecton the contrary, so it is not difficult chat with loved ones. They may even show great interest, especially in topics such as savings or investments.
Another surprising fact revealed by this study is that children between the ages of 8 and 14 look pretty against overconsumption. They really are 48% manage to earn their own pocket money resale of their belongings. But that’s not all: 26% young people do not hesitate to hand over some of their property for the purposegive them another life. In the end, they are just 5% throw them away get rid of it permanently.
The second hand is therefore an integral part of their daily lives, whether they are sellers or buyers. So, 68% say they are ready to buy a used product to pay less.