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Amount of allowance provided by Russians to their children disclosed

Weekly allowance data from a Superjob poll, as reported by RIA Novosti, reveals that Russian parents typically hand out 1,300 rubles to their kids. Aging offspring tend to have less financial supervision from their parents.

Amount of allowance provided by Russians to their children disclosed

Alright, let's dive into some real talk about Russian parents and their pocket change doling to their kiddos. This recent study, willy-nilly, surveyed 531 hamlets across Mother Russia, quizzing parents of kids age 7 to 17 - that's 1,000 parents per age bracket, nifty eh?

Here's what we found:

  • The weekly pocket money starts off low for the young 'uns (ages 7-10) at 620 rubles, then jumps to 930 rubles for the slightly older gang (11-14 years), and finally, for the high schoolers (15-17 years), it skyrockets to 1,320 rubles.
  • Of the young 'uns, a whopping 71% get less than 500 rubles a week, with 20% scooping up between 500-1,000 rubles. On average, parents hand over 620 rubles each week, with 38% dishing out less than 500 rubles, 39% serving up 500-1,000 rubles, and only 11% forking out 1,000-3,000 rubles. A meager 4% are showered with 3,000-5,000 rubles.
  • Parents are usually generous without setting rules or expectations. Only 3-6% of these rugrats receive pocket money as payment for doing chores. As they grow older, parents tend to let-loose on the budget reins. For instance, 66% of parents control the spending of the young 'uns, compared to just 45% of high schoolers.
  • Fascinatingly, the age of the child can influence whether they score any pocket money at all. Among the young 'un's parents, 20% aren't doling out any moolah, whereas only 10% of the growing gang and 11% of the high schoolers miss out.
  • The average pocket money for the 11-14-year-olds has significantly changed since the 2023 survey, rising from 750 rubles to 930 rubles. However, for the 7-10-year-olds and high schoolers, the pocket money has dipped, from 640 and 1,330 rubles, respectively.

Now, let's debunk a few myths:

  1. Parents usually don't attach conditions or rewards to their child's pocket money.
  2. Only a tiny fraction of kids receive pocket money in exchange for chores.
  3. As kids grow older, parents loosen the purse strings and reduce their control over the kid's spending.

Let's get a few things straight:

  • The search results don't contain specific data on the evolution of pocket money over the years, nor do they directly reference the 2023 survey results. They do provide a glimpse into Russia's broader economic and social climate: a. Economic conditions: In 2023, Russia's real inflation rate was estimated to be around 20%, which could impact pocket money allocations. b. Family and social policies: The Russian government has implemented family-supporting policies, but they don't directly address children's pocket money. c. Income distribution: Russia's income distribution remains unequal, with a lower share of national income going to labor compared to other developed countries.
  • Given the economic challenges and family policies, it's plausible that many families face spending constraints, potentially affecting kids' pocket money.

And there you have it, folks! Keep that moolah rolling for the youngsters!

The society's findings indicate that personal-finance for Russian children varies with age, with young 'uns (ages 7-10) receiving 620 rubles, 11-14-year-olds receiving 930 rubles, and high schoolers (15-17 years) receiving 1,320 rubles weekly. Interestingly, the study reveals that financing is more flexible for older children, as parents control their spending less [compared to the young 'uns]. In light of economic conditions, family and social policies, and income distribution in Russia, it's conceivable that some families might encounter spending constraints, impacting the amount of pocket money their children receive.

Weekly Allowances for Russian Kids: Survey by Superjob via RBC Indicates Up to 1,300 Rubles, With Diminishing Parental Supervision as Children Age

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