Children's piggy banks hit as parents adapt to cost of living pressures
Halifax’s annual Pocket Money survey reveals that, as they adapt to cost of living pressures, nearly a third of parents (32%) have altered how much they’re putting into their children’s piggy banks each week, down to £4.99 this year from £6.48 in 2021 - confirming that kids are also feeling the effects of the increasing cost-of-living.