According to de Volksbank, which surveyed more than 1,100 Dutch people aged 25 and older with children aged 4 to 12 at the beginning of this year, pocket money is an ‘essential’ part of parenting for many parents. But the majority of parents do not make agreements with their children about how much pocket money they should save. The majority of children between the ages of 4 and 12 receive pocket money. The older the child, the more often the pocket money is given digitally. One fifth of all children have a debit or debit card. These are usually the older children.
Scam
The majority of parents say they are aware of the dangers of, for example, fraud via WhatsApp and phishing. According to Marinka van der Meer, Customer and Brand Director at de Volksbank, the figures show that ‘across the board’ there is still ‘plenty of improvement’ to be achieved. “Certainly also because there is an enormous increase in the number of young people with debts,” explains Van der Meer. The bank also warns against the influence of social media and influencers, which can tempt children into impulse purchases.
Children spend their pocket money mainly on small toys, accessories and gadgets. This is followed by sweets and snacks, construction toys, games or apps and hobby materials.