The gift of choice: 60 per cent of parents would prefer cash gifts for their children
Three in five parents would prefer their children to receive cash as birthday gifts. Despite this, only 41 per cent of children receive monetary gifts from party attendees. A third of parents believe cash gifts reduce clutter, and 34 per cent see them as ideal for funding experiences or days out. Cash gifts also serve as a financial education tool, with 76 per cent of parents using them to teach