News
Kids earn £1k a year
Children earn almost one thousand pounds a year from part-time jobs, according to new research from Halifax.
Almost a tenth (9%) of children have a part time job to earn extra money. This rises to one in five (18%) in London, but falls to one in twenty (5%) in the North East.
The average weekly wage for children is £17.93, an increase of £1.98 on last year’s figure (£15.95), totalling almost £1,000 a year (£932.36).
On average, just over five hours (5.04) are spent at work each week and boys receive over £3 more (£19.08) than girls (£15.97). Across the nation children in London spend the most amount of time working (8.19 hours) and achieve the highest weekly wage of £30.22.
However, despite being the least likely to have a job (5%) it is children from the North East that achieve the highest hourly rate at £5.09. This is followed by the South East at £4.83. The hourly rate in London is only £3.69. Children in Yorkshire and the Humber not only receive the lowest wage at £8.90 per week, but also receive the lowest hourly wage of £1.98.
Almost two-fifths of children (38%) pick up extra pennies from their grandparents, whilst 6% turn to other family members. Grandparents provide an additional £3.60 each week on top of the average weekly pocket money of £6.24.
Children in London receive the highest contributions from grandparents at £5.21. This compares to £3.13 in the South West and £3.00 in both East Anglia and Wales.
Almost two thirds of children (62%) receive part of their weekly pocket money for doing odd jobs around the house. The most common odd jobs are tidying their bedroom (40%), cleaning (24%) and washing up (23%).
