Estonian Kids' Pocket Money Low for Nordics

28.06.2011 14:23
Category: Economy

Older basic school students in Estonia get an average of 18 euros a month in allowance from their parents, a study by Sampo Bank found, lagging behind the Nordics, although the figures are high in proportion to average salary.

Seventh to ninth graders in Finland get 28 euros a month, Swedes of the same age receive 41 euros and Norwegians are given 50 euros on average each month.

Those in the fourth to sixth grades in Estonia get 12 euros in pocket money. The figures for the same age in the other Nordics are 18, 21 and 34 euros, respectively.

The amounts that early elementary school age get are more similar: nine for Estonia, 11 for Finland, 12 for Sweden and 23 euros for Norway.

The study also revealed that around one-fifth of Estonian parents cut back on their kids' allowances during the recession

One-third of respondents said they have started talking more about money with their kids.

A total of 64 percent said they talk "often" about  money with their teens. 

Almost all of the parents surveyed said they thought that shaping the right attitudes toward money was part of their parental duties. But 87 percent of parents found that schools should also include home economics-type content in their curriculum.

The study was conducted in seven countries, and 500 households were included.

 

Kristopher Rikken


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