Podcast
Questions and Answers
Cashed-up teenagers are letting loose on spending shows averaging $5000 a year. Parents are being warned against showering kids with too much money and financial freedom, as it can lead to ______.
Cashed-up teenagers are letting loose on spending shows averaging $5000 a year. Parents are being warned against showering kids with too much money and financial freedom, as it can lead to ______.
greed
Experts suggest that parents should ensure their teens earn some money through household chores or ______ to develop a sense of saving and an understanding that money doesn't grow on trees.
Experts suggest that parents should ensure their teens earn some money through household chores or ______ to develop a sense of saving and an understanding that money doesn't grow on trees.
part-time employment
Psychologist Sally-Anne McCormack suggests a small base allowance of around $10 a week, with any additional money earned through ______.
Psychologist Sally-Anne McCormack suggests a small base allowance of around $10 a week, with any additional money earned through ______.
work
According to a report by a Market Research Company, young consumers spend an average of $96 a week, primarily on clothes, electronics, and ______.
According to a report by a Market Research Company, young consumers spend an average of $96 a week, primarily on clothes, electronics, and ______.
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Parents, part-time jobs, gifts, and allowances are the main sources of income for ______.
Parents, part-time jobs, gifts, and allowances are the main sources of income for ______.
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The report also reveals that children are introduced to credit from a young age, with one in ten using credit regularly to make ______.
The report also reveals that children are introduced to credit from a young age, with one in ten using credit regularly to make ______.
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The report states that teenagers are receiving money regularly from their parents, giving them constant ______ power.
The report states that teenagers are receiving money regularly from their parents, giving them constant ______ power.
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Average weekly spending ranges from $56 for 12 and 13-year-olds to $192 for 18 and 19-year-olds. One in four aged 16-plus combines study with a ______ job.
Average weekly spending ranges from $56 for 12 and 13-year-olds to $192 for 18 and 19-year-olds. One in four aged 16-plus combines study with a ______ job.
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Boys with a love of expensive techno toys and video games had a bigger budget than girls, outlaying an average of $54 a week ______.
Boys with a love of expensive techno toys and video games had a bigger budget than girls, outlaying an average of $54 a week ______.
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Ms McCormack notes that many adults who have tightened their belts because of cost-of-living pressures are reluctant to ______ their children.
Ms McCormack notes that many adults who have tightened their belts because of cost-of-living pressures are reluctant to ______ their children.
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