Our grandchildren are penniless. They have pretty much everything their hearts desire and they have parents with wallets full of plastic, but they lack the satisfying chink of coins in a jam jar.
I was alerted to this state of affairs when one of our tribe turned nine and I asked his mother how much pocket money he was getting.

Disagree with half of it, enjoy reading all of it
TRY 3 MONTHS FOR $5
Our magazine articles are for subscribers only. Start your 3-month trial today for just $5 and subscribe to more than one view
Already a subscriber? Log in
Comments
Join the debate for just £1 a month
Be part of the conversation with other Spectator readers by getting your first three months for £3.
UNLOCK ACCESS Just £1 a monthAlready a subscriber? Log in