Family Law Prof Blog

Editor: Margaret Ryznar
Indiana University
Robert H. McKinney School of Law

Thursday, June 22, 2006

Parents Steal From Piggy Banks

"One in four Australian parents regularly "borrow" money from their children's piggy banks to pay for anything from bread to luxury holidays, a survey said Wednesday. Mums are more than twice as likely to raid their children's savings than dad, with 35 percent of mothers confessing to the crime compared with 16 percent of fathers. But almost 9 out of 10 still believed they were setting a good example of financial management for their tiny tycoons. Fund management firm Bankwest surveyed almost 400 parents or guardians of children aged 17 or under." Rueters, Yahoo News Link to Article (last visited 6-21-06)

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