Clydesdale Bank reveal that boys are more optimistic about future earnings

30/01/2012

Research from Clydesdale Bank has today (date) revealed that most primary school kids believe they will earn between £10 and £25 per week when they leave school.

Almost a fifth (18%) of those surveyed believe their annual salary will be between £520 and £1,300 with a further 16% hoping to earn up to £50 a week and 16% up to £100 per week.

An optimistic 2%, however, think they will earn between £1,000 and £2,000 per week.

The survey also revealed that primary aged boys are more positive than girls about their earning potential with 29% believing they will earn between £100 and £1,000 per week when they leave school compared to 22% of girls.

Boys aged between five and 12 have also shown greater entrepreneurial spirit than their female classmates with 22% believing they will earn money through starting their own company compared to just 18% of girls.

In comparison 57% of girls thought they would need to work hard at school compared to just 45% of boys.

The research also found that girls are more focused on planning for the future. If they were to benefit from a financial windfall 52% of girls would save for university compared to 37% of boys. In contrast 14% of boys would buy a games console, double the amount of girls who would use the money for this purpose.

Steve Reid, Retail Director for Clydesdale Bank, said: “It is interesting to learn about the hopes of primary school pupils regarding their financial aspirations when they leave school.

“Clydesdale Bank is committed to helping young people learn about money and improving numeracy and has a range of initiatives including ‘Count Me In’ to support young people as well as a volunteering programme to help improve financial capability among school children."

For more information on the wide range of accounts offered by Clydesdale and Yorkshire Banks, please contact 0800 678 1230 for Clydesdale Bank or 0800 678 3380 for Yorkshire Bank (opening hours 8am – 8pm Mon-Fri) or visit www.cbonline.co.uk or www.ybonline.co.uk.