Are kids getting TOO much pocket money? Parents split as average amount revealed

Are kids getting TOO much pocket money? Parents split as average amount revealed New analysis from children's money app GoHenry has revealed the average amount of pocket money parents are giving their kids each week - and it may surprise you With schools set to break up for summer in just a few weeks, many parents are already bracing themselves for the extra costs that come with six weeks of entertaining children. From trips to the cinema and days out with friends to ice creams, snacks and shopping trips, the school holidays can quickly become an expensive time for families. Keeping costs down for families is more crucial than ever. Now, recent figures have revealed British children are already receiving almost £10 a week in pocket money on average – prompting fresh debate over whether youngsters should be given extra spending money during the summer break. Analysis from children's money app GoHenry found children aged seven to 18 receive an average of £9.90 a week, based on data from more than 600,000 youngsters across the UK. The figures show significant differences depending on where families live. Children in the South East receive the highest average payments at £12.88 a week, while youngsters in the East of England receive the lowest at £8.57. Despite continued pressure on household finances, pocket money payments have risen slightly over the past year, increasing by 1.2% compared with the same period in 2025. The data also suggests many children are developing strong saving habits, putting aside an average of £3.93 a week. Louise Hill, founder of GoHenry, said: "Despite the rising cost of living, kids are still setting money aside week after week, saving an average of £3.93 per week, and it's become second nature for them." But as the summer holidays approach, many parents are facing a familiar question: should children receive extra spending money when they are out and about more often? For some families, pocket money is seen as an important way of teaching youngsters how to budget and make financial decisions. Giving children a fixed amount each week can help them learn to prioritise what they really want, whether that's saving for a new game, a holiday souvenir or a treat with friends. Others argue that children should earn any extra cash through chores and responsibilities around the home. However, not all parents are convinced children need more money during the holidays. With many households continuing to feel the strain from higher food bills, rising costs and expensive summer activities, some believe youngsters already receive plenty and should learn to make their pocket money stretch further. The debate comes at a time when many families are carefully planning their summer spending. Research has repeatedly shown the school holidays can place additional pressure on household budgets, with childcare, activities and food costs often rising while children are at home. Against that backdrop, some parents say increasing pocket money is simply not realistic this year. Others believe the summer break offers the perfect opportunity for children to learn valuable lessons about budgeting, saving and making spending choices for themselves. While the numbers themselves may seem modest, they highlight a wider conversation taking place in households across Britain as summer approaches. Should children receive extra spending money during the holidays, or is learning to manage a weekly allowance all part of growing up? What do you think? Will your children be getting extra spending money this summer? Let us know in the comments below.