Schooldays.ie - Ireland's Online Resource for Parents & Teachers

Parenting & Education in Ireland

Irish teens 'continue to receive lots of pocket money'


Posted by SchoolDays Newshound on 25/02/2013. Irish teens 'continue to receive lots of pocket money'Tags: Parenting Parenting Kids

Teenagers in Ireland are still receiving lots of pocket money, despite their parents facing considerable financial pressures.

This is the finding of new research carried out by the Irish League of Credit Unions (ILCU) - the representative body for 487 credit unions in Ireland - and Youth Work Ireland, which showed 51 per cent of youngsters are regularly given a personal allowance, with 25 per cent being handed between 20 and 25 euros each week.

Announced at the ILCU's Annual Youth Conference in Galway, the results of the Teens & Money survey also revealed the majority of teens spend most of their pocket money and do not save significant sums.

Despite this, 80 per cent of those questioned admitted they are worried about the cost of 3rd level education and only 58 per cent said they expect to find work in Ireland once their college studies are over.

Michael McLoughlin, head of communications at Youth Work Ireland, stated: "This survey is a valuable insight into young people's finances and their hopes for the future."

Written by Donal WalshADNFCR-2163-ID-801545784-ADNFCR


Comments

SchoolDays

(25-02-2013 12:11)


And we have our own poll running over on our FaceBook page: http://www.facebook.com/pages/schooldaysie/48615608745?ref=ts&fref=ts
Please give us your input!
Thank you!

Submit a comment

Please respect the terms of use of our discussion boards. Full terms here .
Email addresses are never displayed, but they are required to confirm your comments. When you submit your comment, you'll be sent a link to confirm it.
Name Email