Romanian kids’ allowances are among the smallest in Europe

Romanian children are among the poorest in Europe, if you only take into account the weekly allowance they receive from their parents: between EUR 2.25 and 11, according to an ING study quoted by Mediafax.

Letting children handle their own money at an early age helps them form better money management skills into adulthood, according to the same study.

The study looked at children’s allowances by analyzing data from 12,000 respondents in 12 European states.

In Romania, kids younger than 10 years old get EUR 2.25 to spend in a week, between 10 and 15 years – EUR 3 and teenagers (over 15 years old) get on average EUR 11. 

Italian parents are among the most generous, with EUR 5 / week for kids under 5 years old and EUR 30 for teenagers over EUR 30. French children under the age of 5 receive EUR 2 for their weekly needs and children older than 10 get between EUR 10 and 20.

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Although Austrian teenagers get the most money (EUR 35 per week), parents will not be as generous with children younger than 15 years old as they receive less than Italian kids in the same age bracket.