Average Expenses for Gifts and Toys for Children Come up to £10,000

A recent poll of 3,000 families revealed that the average amount of money spent on kids’ toys and gadgets builds up to an astounding £10,000 per year (£10,021.72 to be exact) for children of 5 years of age and under.

Most of all parents delve into their wallets on holidays – for almost half of this sum – three days each year, at Christmas, Easter and their child’s birthday.

Christmas heads the list, emptying the loving parents’ pockets of the sum of £169.40. An average raid upon shops on the days preceding the kid’s birthday leaves £83.21 in the tills, while Easter gifts generally cost up to £27.24.

A third of the parents involved admit they choose the toys and gadgets that are already owned by their children’s friends. (How many of these they secretly crave for themselves remains undivulged.)

Esure, which commissioned the survey, issued a conclusion that said: “Most children want to keep up with their friends by having all of the latest must-have toys, and gadgets and this carries a hefty price tag.”

On top of it come rewarding gifts for kids’ successes in sports and studies that come up to £480 each year until the kids turn 18.

Source of the image: photl.com.