SURVEY: HALF OF PARENTS USE KID’S MONEY

(November, 2020) A British survey of 2,000 parents by Nationwide Savings parents found that nearly half admit to being “piggy bank raiders” who occasionally dip into their children’s cash. Some 46 per cent of parents of children aged between four and 16 years old said they have taken cash from their child’s stash, with the average amount being around $20, while 10 percent of parents had taken $50 or more in the past year. Mothers are more likely to raid their child’s money than fathers – but fathers are more likely to borrow bigger amounts of cash. The vast majority of parents – 93 per cent – said they put the money back afterwards.
* Good, it’ll get the kids used to taxes by the government.
* The hard part is taping the piggy bank back together to look normal.
* This explains why the number one item on British kids’ Christmas lists is “wall safe.”
* I wouldn’t use the phrase “their child’s stash.” Most kids probably keep their cash and stash in two different places.
* Actually, this kind of evens out when you count the kids who sneak money from their parents’ wallets.
* PHONE TOPIC: Have you raided your kid’s piggy bank recently? What was the money for?