British kids lending cash to hard-up parents
August 11th, 2012 - 11:10 pm ICT by IANSLondon, Aug 11 (IANS) Worried children are lending pocket money to their cash-strapped parents in Britain, a study claims.
Fifty-eight percent of eight to 15-year-olds said they fret about family finances, The Sun reported saturday.
Almost a third - 31 percent - of all the youngsters quizzed revealed they had loaned money.
Of those, about two-thirds said it was to friends and 29 percent to their parents. A quarter of all eight-year-olds had lent cash - mostly to pals, but more than a third had helped their mum and dad out.
The Halifax research came as real disposable incomes dropped to 273 pounds a week - their lowest level in nine years.
Family budgets have been squeezed by high living costs, unemployment and low pay rises.
The survey found youngsters in London were most likely to worry about money followed by those in the East Midlands, South East and South West.
- British parents nibbling at kids' education funds - Jul 31, 2011
- Nearly 50pc Brit parents 'too busy to read their child a bedtime story' - Jan 31, 2011
- SBI stock plunges on talk of loan to Kingfisher - Feb 22, 2012
- 66pc Brits worry about finances but don't do anything about it - Nov 22, 2010
- Jet fuel price hiked by 3.2 percent - Aug 16, 2012
- Women 'more likely to buy gifts for their pets than partners' - Mar 31, 2011
- Things you may wish to have done differently - Feb 27, 2012
- Only 4 in 10 approve building of new US nuke power plants - Mar 23, 2011
- Britons fear downfall in their kids' living standards - Dec 05, 2011
- Royal Mail to Launch Evening Delivery - Nov 01, 2010
- Recession-hit Brit youngsters happy to holiday with parents: Study - Jul 11, 2010
- Great education debate: will it create a revolution or social friction? - Apr 15, 2012
- UCO Bank might get capital infusion of Rs.2 billion - Feb 01, 2012
- House buying could be prematurely ageing us - Nov 07, 2011
- Women buy gifts for bosses, pets, not for partners - Apr 01, 2011
Tags: 15 year olds, british kids, disposable incomes, east midlands, family budgets, family finances, lent, london, mum and dad, nine years, pals, parents, pocket money, sun, two thirds, unemployment, youngsters