Teenagers and Financial Independence

FlatterLagrange avatar
FlatterLagrange
·
·
Download

Start Quiz

Study Flashcards

16 Questions

Children in Scotland receive less than the national average of pocket money.

False

All teenagers in Britain have a part-time job.

False

Teenagers who receive pocket money do not have to do any chores.

False

The average weekly pocket money for eighteen to fifteen-year-olds in the UK is about £10.

False

Only children over 15 can work in Britain.

False

According to the report, most children save none of their weekly pocket money.

False

About 25% of teenagers in Britain have a part-time job.

False

The average weekly pocket money for 13-year-olds in the UK is about £6.

True

Some part-time jobs for teenagers include working in hospitals and schools.

False

Teenagers in London receive less than the national average of pocket money.

False

The government has no laws about children working in Britain.

False

About 90% of teenagers in Britain receive pocket money from their parents.

False

More girls than boys save their pocket money.

False

Children under 13 can work in Britain with no exceptions.

False

Some teenagers receive more than £50 a month as pocket money.

True

All teenagers in Britain have to do chores to get their pocket money.

False

Study Notes

Pocket Money

  • 77% of teenagers in Britain receive pocket money from their parents
  • Average weekly pocket money for 15-18 year olds in the UK is around £6
  • Children in Scotland receive more than the national average, and Londoners get the most
  • Teenagers receive more money than younger children
  • Some 15-19 year olds receive more than £100 a month
  • Many children save at least 25% of their weekly pocket money
  • More boys than girls save their money

Part-Time Work

  • 15% of teenagers have a part-time job
  • Only children over 13 can work, with some exceptions (e.g. actors)
  • Popular part-time jobs for teens include:
    • Babysitting
    • Delivering newspapers
    • Shop work
    • Restaurant or café work
  • Government laws regulate child labor:
    • Maximum 2 hours of work on school days, not during school hours
    • Longer hours allowed on weekends and school holidays
  • National minimum wage for under-18s is around £4 per hour, increasing annually
  • Minimum wage is higher for older workers

Learn about the habits and practices that can help teenagers achieve financial independence. This quiz covers the importance of pocket money, doing chores, and managing finances as a young adult.

Make Your Own Quizzes and Flashcards

Convert your notes into interactive study material.

Get started for free

More Quizzes Like This

Use Quizgecko on...
Browser
Browser