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Evening Standard
Evening Standard
Business
Mark Banham

Cost of living squeeze hits kids’ pocket money

Kids’ piggy banks are being lighten by the cost of living crisis (Gareth Fuller/PA)

(Picture: PA Archive)

The cost of living crisis has even taken from children’s piggy banks with nearly a third of parents reducing what they hand over to their offspring on a weekly basis.

According to the annual pocket money survey released by Halifax bank a third of parents (32%) have altered how much they’re putting into their children’s piggy banks each week, down to £4.99 this year from £6.48 in 2021.

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