Survey finds parents utilize their children’s cash for expenses ranging from household bills to the ‘tooth fairy’Nearly half of parents admit to being “piggy bank raiders” who occasionally dip into their children’s cash to cover costs such as parking,takeaways, taxis, or school trips and paying the window cleaner.
Some 46% of parents of children aged between four and 16 years customary said they have taken money from their child’s savings,a survey by Nationwide Building Society has found. The average amount taken over the past year was £21.41, while one in 10 parents had taken £50 or more during that period.
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Source: theguardian.com