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Youngsters in West Yorkshire see pocket money rise by 30%
7:00am Monday 26th August 2013 in News
Youngsters in West Yorkshire have seen their pocket money rocket by nearly 30 per cent to an average of £6.27 a week – but continue to lag behind the national average rate.
The latest Halifax pocket money survey shows local children aged between eight and 15 still receive less than the national figure of £6.50, in spite of a hefty rise from £4.89 since 2011.
The Halifax says the number of children receiving weekly pocket money has also risen from 77 per cent to 84 per cent since last year.
It said its Annual Pocket Money Survey reflects a growing confidence in the economic environment and was in contrast to last year’s survey, when pocket money fell.
The findings also showed 53 per cent of children think they get the right amount of pocket money, 75 per cent save at least 25 per cent of their pocket money and 42 per cent keep it in a bank or building society account.
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