Our Pocket Money Index is an annual snapshot for 2021 of the monetary habits of kids aged 4-14 across the UK. Whether it’s the average allowance given per week, or the amounts paid for household chores are, you’ll find it all here.
This year, average pocket money fell by four pence, yet kids found they could boost their allowances through academic success (payouts for a good school report rose by 75%), and via getting extra earnings from selling their unwanted items on platforms such as DePop (rising 67% versus 2020)
Children also managed to save 39% of their pocket money last year, up 2% on 2020 levels, demonstrating how, despite these relatively hard times, young people are still able to acquire good personal finance skills, if given the chance.
