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Children pay for lifestyle

Nearly a third of children have a part-time job as they find their pocket money is not enough to pay for the lifestyle they want, a survey for Halifax Bank shows.

It found that children aged between seven and 16 now earn an average of Pounds 25.39 a week from their work, with the younger ones doing tasks for parents and friends.

Around 36 per cent of children in Northern Ireland have a part-time job, making them the most likely to work, followed by young people in the South-east at 34 per cent. However, just 19 per cent of children in the North-east and Scotland have a part-time job.

Peter Jackson, managing director of banking and savings at Halifax, said:

"It is encouraging to see that children are getting into the working habit at such an early age, with the intention of squirrelling their money away, or saving up to buy particular items."

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