While millions of parents are battling for pay rises that keep up with the cost of living, Britain’s youngsters have received an 11% increase in their average annual “income”, outpacing inflation, according to new data.
The figures on children’s pocket money and earnings – part of what was claimed to be the most in-depth study of the UK’s “youth economy” – also found that six-year-olds had enjoyed the biggest “pay rise”, in the form of a 34% annual increase.
