Many children share their parents’ money worries, claims report

THE vast majority of Scottish children know that their parents worry about money and many claim to have financial anxieties themselves, a report out today reveals.

Eight in ten children in Scotland aged between eight and 15 have picked up on money-related stress in their home, according to the annual Pocket Money Survey from Halifax, including a fifth who say their parents worry about money “all the time”.

It said one in three children has lent their parents money, while nearly two-thirds have helped their friends out financially.

Just 17 per cent of children said they borrowed money from others, with three-quarters going first to their parents when in need of cash.