Aussie kids are raking in hundreds in pocket money every year. Their parents had it even better though [Video]

Australian children are being given the best part of $1000 in pocket money every year, but it’s not as much as what previous generations were handed.

New research from ING shows today’s kids receive an average of $750 a year as parents try to instil good saving habits.

“It’s still taboo for many people, but we know that future generations can learn so much from our own life and money experiences – the good, the bad and the ugly,” ING head of consumer and market insights Matt Bowen said.

“Our customer research suggests that starting the pocket money conversations earlier may help with their money habits over the long term, with eight in 10 Aussies saying their parents taught them how to save.”

How much children are given varies by age, with five- to …