Inflation-Fueled Chores Payoff for Kids, But Experts Warn of Entitlement

UK inflation has led to a significant increase in kids' earnings from doing household chores. According to NatWest Rooster Money's Pocket Money Index, children's income has risen by 6.7% due to inflation, reaching an average of £9.74 per week or £506.48 annually. The index also found that top-ups have increased, with six-year-olds receiving an average of £4.58 and 17-year-olds getting £23.56.

Some parents are overpaying their children for doing chores they should be doing anyway, such as tidying their room. Martyn James, a money expert, said that paying kids to do these tasks can teach them entitlement rather than the value of hard work. He noted that this approach may have long-term consequences when children don't develop good habits and become reliant on others for financial support.

The most lucrative chores include mowing the lawn (£3.52), cleaning the car (£3.36), and walking the dog (£1.15). Kids are also getting paid more from their parents for doing odd jobs, with some earning up to £4.79 per tooth lost from the Tooth Fairy.