Underpaid and Underage
The country might be emerging from a recession, but some British citizens are still feeling the pinch.
According to a new survey the weekly allowance given to kids in Britain is at a seven-year low. A sign that no matter how many of the chores get done, parents are still cutting back on non-essential spending.
The survey conducted by the banking group Halifax interviewed over 1,000 children between the ages of 8 and 15. It found that since last year, the average weekly payout for kids has gone from almost $10 in 2009 to $9.23. This is the lowest paycheck for minors since 2003. And girls are feeling the cutback even more, receiving 6% less than their male peers.
But it might be time for the kids to roll up their sleeves and get to work because there appears to be some money up for grabs. The survey also found that since last year parents have received a small raise and are making 1.8% more than they did a year ago. And with news that the recession is over, maybe it’s time for the underpaid and underage to renegotiate their domestic deals.