Majority of Czech children get pocket money

Almost three quarters of parents in Czechia give their children pocket money, according to a survey conducted by the investment platform Portu. About 60 percent of parents give their children up to CZK 500 a month, a fifth of parents said they give them between CZK 500 and CZK 1,000 per month. Over 10 percent of respondents with older teenagers said they give them CZK 2,000 a month. About a quarter of parents cover their children's needs by giving them money as needed, and 16 percent of respondents combine both forms, giving them a regular monthly allowance and covering additional purchases as needed.