Aussie kids' pocket money grew three times faster than inflation and adult wage growth2
Pocket money hit $56.32 a month, up 10.5% in a year3. All up, $310 million landed in kids' pockets this year!
Over the past year, Australian kids earned, saved and spent almost $670 million1 with Spriggy. Taken together, that’s much more than pocket money. That’s an economy, run by kids.
This year it grew three times faster than the grown-up one. It has its own wages, labour market, booms and busts.
Australia’s kids don’t just have pocket money anymore. They have an economy that mirrors the adult one.
Pocket money hit $56.32 a month, up 10.5% in a year3. All up, $310 million landed in kids' pockets this year!
The kid economy now runs a complete boom-bust cycle in a single year. Labubu goals fell 99.7% in a year, while NeeDoh goals rose over 9,000%.
In the year of the social media ban and The Anxious Generation, screen time became the hardest currency in the house, traded for chores 51% more than last year.
Spend per child rose about 10% YoY.
Spriggy kids donated $1.19 million this year, up 11% on last year.
Spriggy helps kids learn how money works through jobs, earning, saving and spending.
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Join 1.3 million Aussies already earning, saving and giving. Pocket money, jobs and savings goals, with parents in control the whole way.
Kids actually look forward to doing chores and me topping up $10 per chore. I love it.
This is so good for showing kids how to save up money. My kid loves it and she loves saving up.
Spriggy encourages my kids to be mindful about spending money and savings.
Spriggy gives kids access to their own banking account and card while still allowing parents to stay in control.
Being a parent of a child who loves to spend money, I can track all of her purchases and keep her in check.
So convenient for my teenager when they are out and about and need money urgently. I can send it in a zap.
My son loves doing chores, and the visibility on this app is amazing. He loves to log in and check his progress.
Best thing is, kids can see their money and decide where it goes, but can't lose it.