British children are becoming increasingly wealthy, with the amount of pocket money shelled out by parents every year topping £29 billion, new research has revealed.
According to the Abbey study, the country's 11 to 18-year-olds now receive an average pocket income of more than £12 every week.
And children based in Yorkshire have the fullest pockets, with the average child receiving £16.33 to spend on clothes, sweets and snacks.
Steve Shore, head of banking at Abbey, said: "Britain's kids are certainly doing well in the pocket money stakes, especially those in Yorkshire where pocket money rates are at a premium."
Commenting on the fact that 88 per cent of children perform household tasks for their money, Mr Shore added: "It's encouraging that most children are learning the value of money by having to earn their pocket money."
The figures also revealed that 46 per cent of children decide to put their pocket money in their piggy banks or a savings account.
