VTB Survey: 51% of residents in the Volga Federal District admitted that their children save better than they do.

      On August 25, 2026, at 17:15, Economy: 51% of residents in the Volga Federal District believe that their children are better at saving money than they are themselves. This is according to a survey by VTB*, whose participants also shared how they give their children pocket money and how they control their spending.

      Most often, children in the Volga Federal District keep their pocket money on a bank card (50%) or in a piggy bank (33%). Another 15% of children have opened a savings account or deposit, while 2% give their money to their parents "for interest."

      43% of parents in the Volga Federal District require their child to justify every major purchase, 31% give a fixed amount once a week without additional conditions. Another 17% give money upon request, and 10% practice payment for grades and help around the house.

      Regarding amounts, 37% of parents allocate between 500 and 1000 rubles to their children weekly, 24% — up to 500 rubles, and every fifth parent — between 1000 and 1500 rubles. More than 1500 rubles are given by 7% of respondents, while another 10% do not fix an amount and give money as needed.

      Most parents maintain full control over their children's spending in the Volga Federal District: 32% track card transactions and set limits, while 42% only monitor major purchases. When choosing a financial product for a child aged 6-13, about half of parents would prefer a card with parental control, a third — a children's banking product, and only 17% believe that children should only be given cash until they are 14.

      Evaluating their children's financial behavior, 38% of parents in the Volga Federal District categorized them as "optimists," relying on adults to replenish their budget, while another 28% categorized them as "young Scrooges," keeping an eye on savings and currency exchange rates. A quarter referred to their children as "explorers," who prefer to spend money on experiences, and one in ten as "philanthropists," buying gifts for friends and feeding stray animals.

      At the same time, parents in the Volga Federal District acknowledge gaps in financial literacy: nearly half believe they should better control their own budget, 27% would like to learn how to explain inflation and taxes to their children in an accessible way, and 11% want to understand investments alongside their children. Another 16% stated that they are learning financial literacy together with their children.

      *The survey was conducted in August 2026 among 1500 respondents aged 18 to 65 in cities in Russia with a population of over 100,000. NIA "Nizhny Novgorod" has channels on Telegram and MAX. Subscribe to stay updated on major events, exclusive materials, and timely information. Copyright © 1999—2025 NIA "Nizhny Novgorod." When reprinting, a hyperlink to NIA "Nizhny Novgorod" is mandatory. This resource may contain materials 18+.