Boys received 13% more weekly pocket money, compared to girls, according to Halifax’s annual pocket money survey.
The UK bank surveyed more than 1,200 children and 575 parents to reveal that children currently received an average weekly allowance of £6.55. This figure is at its highest since the start of the credit crisis in 2007.
The survey found parents are giving boys aged eight to 15 an average of £6.93 a week, however girls only receive £6.16. The 13% difference is up from 2% last year.
According to the survey boys are more likely to complain and ask for a rise in pocket money.
Overall, 40% of children surveyed believe they should be given more pocket money.
The number of children saving their pocket money also increased from 70% to 79% year on year. 12% of children said they now save all of their weekly allowance, up from 10% last year. Nine in 10 parents admitted to encouraging their children to save.
Giles Martin, Head of Halifax Savings, said: “It’s reassuring to see that the average weekly amount has reached a nine-year high.
“It’s likely it’ll be a few more years until we reach the dizzy heights of £8.37 in 2005 though, when we saw the highest average pocket money since our records began.”
Halifax’s survey was launched in 1987. The 2016 results found that parents start giving their children pocket money between the ages of six and seven.
In addition children in London were found to receive the most pocket money at £8.21. This was followed by Scotland £7.06, South East £6.83, North West £6.68, North East £6.51, Wales £6.44, South West £6.36, Yorkshire and Humberside £6.25, West Midlands £5.84, East Midlands £5.33. Children in East Anglia receive the least pocket money at £4.96.