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Kids earn millions from odd jobs

January 3, 2008 by admin  
Filed under News, News-Banking

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Odd jobs done by kids are making them a staggering £700 million a year, new figures claim.

Chores, errands and favours are proving a boom area for young people, with one in four 11 to 18-year-olds benefiting from payment for helping out.

The survey has been carried out by Abbey Banking, and while it was found that more girls are in on the act than boys (30 per cent compared to 24 per cent), boys are making more out of it on average.

As in the wider world of work, boys seem to be at a distinct advantage, earning £55 per month compared to girls’ £38.

Head of Abbey Banking Steve Shore said: “The research shows that British kids are making the most of earning opportunities like New Year’s Eve and as a result, the ‘odd job’ economy is thriving.

“As well as giving kids a boost to their pocket money, this is a great way for parents to show their children the value of money and teach valuable financial lessons.”

Babysitting was by a long stretch the most common form of paid work, with car washing in a distant second place.

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