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Mozo Piggy Bank Report 2021: Our kids and pocket money


Mozo Piggy Bank Report 2021: Our kids and pocket money
Mozo Piggy Bank Report 2021: Our kids and pocket money
71% of parents got pocket money as children and that number is similar today.
63% of parents say they currently give pocket money to their kids.
$10 per week (or less) is the going rate, say the majority of parents.
Cash is still the payment method of choice, but digital payments are made by some.
39% of parents have opened a savings account for their child’s pocket money.
12% say their kids have a banking account through a school program.
Kids’ savings account rates are low, but some still offer above 2.00%. ....

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