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Children in Britain are feeling the of the recession. The weak economy is them where it hurts most – their . A new survey has shown that the weekly money that children from their parents is at a seven-year . The report, from the Halifax Bank, indicates the allowance kids get from their parents is now 30 per cent than it was in 2003. Today, children between the ages of eight and 15 receive an of £5.89 ($9.20). This compares unfavourably with the £8.37 ($13.07) they were getting five years ago, when pocket money levels . The report also showed that girls were worse off than boys. Boys still receive more money than girls, but the gap in spending money has closed considerably with previous years.

Children seem to be well with their worsening economic . The Halifax Bank says children are managing to put money away for a day. Flavia Umana, head of savings products at Halifax, told the BBC: "It is encouraging to see that children are still saving, the amount of pocket money falling.” Ms Umana added: "Teaching children how to their own pocket money is a great first to building good financial awareness in our youngsters." British kids said they were finding it hard to make ends . Alec Flynn, 14, from London spoke about how he found his pocket money: “It’s not easy trying to on so little money. I only get £5 a week from my parents; it takes me three months to save up for a computer game.”