Boys Have Better Bank Balance!

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When it comes to saving money, boys are far better than girls, say experts.

According to Halifax, the average boy under 16 has 1,089 pounds in a savings account, while the amount is around 1,037 pounds for girls.

The bank confirms the finding reporting boys had higher balances than girls in three-quarters of districts across the UK.

Biggest difference was seen in Westminster, where boys set aside 2,027 pounds, as compared to 1,661 pounds for girls.

The difference is also between the older and the younger. Older children have generally saved more than younger ones. The average teenager has set aside 1,178 pounds, as compared to around 1,024 pounds for children aged 12 or under.

London kids have the highest savings as compared to the Northern Ireland and the South- east.

On the other hand, children in Scotland have put away only around 875 pounds, while those in the North-west have saved 961 pounds.

"There are wide variations between regions and these reflect, to a large extent, differences in average adult earnings," says economist Nitesh Patel.