why the French give little to their children?

In France, have French parents become stingy? Young people between the ages of 8 and 15 receive only € 7.83 a week from their elders, according to a study * GfK for Axa Investment Managers published by The Parisian this Friday. This is much less than in other European countries. Spaniards are entitled to 11.42 euros, Italians 11.90 euros and the British 14.57 euros. In the world, the most generous are Hong Kong (19.53 euros) followed by Singaporeans (15.79 euros).

Certainly these figures are to qualify, especially because France has more families. In France, 18% of parents have at least three dependent children compared to 8% in Spain or Italy. But the French still seem less generous than they could be with their children. According to another study, conducted this time by Fortuneo in 2014, 8-15 year olds were receiving 11.75 euros per week.

Evolution of manners?

Rather than financial problems, this drop in spending money would be more the result of a change in culture. Instead of giving regularly, the French would especially tend to do it in fits and starts at specific events. In fact, if six out of ten children report receiving pocket money on a regular basis, eight out of ten receive it as a gift for their birthday or Christmas.

Receive a check or a few notes rather than an object as a gift: this practice is becoming more and more commonplace. The children themselves claim it. According to the GfK study, one third of 8-11 year olds and more than two thirds of 14-15 year olds prefer to receive money as a gift. In this way, they can buy what they like (clothes, video games …) and maybe put some money aside?

11 billion euros of savings

Is French prudence rooted in youth? Some 8-15 years old feel that saving is a "good thing". Four to ten year olds have a savings booklet with an average of 1400 euros, according to a study by Junior City, a firm specializing in marketing studies on youth. In total, this represents an outstanding of 11 billion euros.

While 41% of children think saving saves them money, GfK says most still want to spend that money on candy (57%) or save for something expensive (48%). ). And it's not going well. According to Junior City, "more [les enfants] As they age, the more money they receive, the more they are eager to spend it. "

* Study conducted in June 2018 among 7020 people in six different countries (several answers possible).