inflation

KIDS’ ECONOMY 2022/23: POCKET MONEY ANNUAL REPORT REVEALS CHILDREN’S EARNINGS OUTPACE INFLATION

• The NatWest Rooster Money Pocket Money Index, a study of over 125,000 children, is the most comprehensive analysis of the UK youth economy this year and reveals the trends shaping young people’s finances
• Kids’ average earnings increased 11% to £338.84 a year (or £6.42 per week),
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TUC – 2022 is the worst year for real wage growth in nearly half a century

• Average earnings have shrunk by nearly £80 a month over the course of the year
• Key workers in the public sector have seen their pay plummet by £180 a month in real terms
• Working people have been “pushed to breaking point” by over a decade of pay being held down warns TUC
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The average cost of car journeys has increased by 48% for diesel and 42% for petrol since 2015, with the average UK bus fare only increasing by 4.6% in this time.

New research from Stagecoach , the UK’s biggest bus and coach operator, has found that bus fares saw the lowest increases in this period, the only form of transport under the average national inflation level of 6.2% over...

ROOSTERMONEY POCKET MONEY INDEX REVEALS FLOURISHING ENTREPRENEURIAL STREAK AS UK CHILDREN FACE ALLOWANCE STAGFLATION

• UK’S MOST ESTABLISHED ANNUAL POCKET MONEY INDEX REVEALS KIDS’ AV. POCKET MONEY HAS STAYED FLAT YoY - THIS IS DESPITE INFLATION HITTING A 30-YEAR HIGH
• KIDS ARE TURNING TO SIDE HUSTLES AND GOOD GRADES IN RECORD NUMBERS TO TOP UP EARNINGS
• NOT ALL BAD
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