© iStockphoto/amphotora

Piggy bank fair game if it's needed

RESEARCH by Bankwest has revealed the depths some Queensland parents will sink to in order to buy a loaf of bread or fund a night on the town - raiding their kid's piggy bank.

The research reveals that 28 per cent of parents admitted to pinching money from their child's money box to pay for anything from a litre of milk to funding a new air-conditioner.

On a brighter note, the report also found that 55 per cent of parents give their kids pocket money, with Queensland kids getting $10.60 a week.

Queensland kids also start getting pocket money at five-and-a-half-years-old (the youngest nationally) with the bounty ending by the time they turn 17-years-old.

While the Raiding the Piggy Bank report highlighted these and other positive pocket money trends, it also revealed that many parents increasingly turn to their kids as lender of last resort.


Toxic masculinity: why country boys are so angry

Toxic masculinity: why country boys are so angry

Teenage boys living in the country believe they must be aggressive

Coles extends free bag offer

Coles extends free bag offer

“Our customers are telling us they need more time...''

Car crashes as man swerves to miss kangaroo

Car crashes as man swerves to miss kangaroo

Man transported to hospital this morning after CQ hwy accident

Local Partners