London, February 18 (ANI): Kids own their first mobile phone at an average age of eight, reveals a new survey.
According to an online survey headed by Populus, lads as young as seven chose to do chores to earn money to spend on ring tones, call costs and computer games.
Experts had quizzed 1,435 people including 546 kids aged seven to 15, 676 parents and 759 grandparents, and the charity Personal Finance Education Group found that 35 per cent of the children by that age possessed a mobile.
It was further revealed that three-quarters of all kids between the age bracket of seven to 15 had "at least" one mobile, while a quarter had cast their votes in television competitions, which can often come at a price of a pound or even more to enter.
"Children today face a kind of 'technological tipping point' forcing them to develop financial awareness at an earlier age," the Telegraph quoted Wendy van den Hende, chief executive of the charity, as saying.
"It is therefore, vital, that they are equipped with the skills and judgment to make sound decisions about money management from an early age," Wendy added. (ANI)