Survey: Irish Parents Favor Digital Pocket Money

A recent survey by the Teachers’ Union of Ireland Credit Union (TUICU) reveals that nearly half of parents in Ireland give their children pocket money, with digital wallets like Revolut being the most popular method (59%) over traditional cash (48%) and coins (29%). Parents typically start this practice at an average age of nine, and 86% believe children should earn their allowance through household chores. The survey, which included over 800 parents, found that two-thirds (64%) provide pocket money on an ad hoc basis, while one-third (36%) follow a more structured approach. TUICU's chief executive, Paul Roche, emphasized the importance of teaching financial responsibility, although he acknowledged that not all households can afford this practice. The shift from physical cash to digital means illustrates evolving financial practices among families. This study highlights both the commonality of pocket money in Ireland and the changing methods of its distribution.