Tuesday 7 August 2012

Silly season: German children are rich beyond your wildest dreams

With this kind of money, German children don't need a piggy bank - they need a financial advisorWho says nothing important happens over the summer holidays? A study released today (reported by Spiegel Online) claims German children received €1.85 billion in pocket money last year - €27 per month each, nearly 10% up on the year before.

Lucky them. When I was a lad...

The Germans are not normally the kind of people to give away money they can't afford: this is another example of how Germany's economy has been unaffected and even thrived through the Euro Crisis - at least, up until now. 

Kids, I wouldn't count on being able to afford that new Playstation next year. 


(Photo from 401(K) 2012 on Flickr - CC licence)

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