Most 15- to 19-year-olds receive more than 100 a month, while a quarter of 11- to 14-year-olds receive at least 250 a year in pocket money, the Mintel International study Teenage Shopping Habits found.
On top of this, 10 per cent of 15- to 19-year-olds receives as much as 400 a year in additional gifts and extra lump sums from mum and dad or grandparents.
Richard Caines, retail analyst at Mintel, said: "Pocket money should be a good way for children to learn about money management, but increasingly teenagers are simply receiving cash handouts. With fewer than one in four teenagers going out shopping with a budget in mind, the majority do not seem concerned about freely spending."
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