Nearly one-in-three parents have discovered their child has made an online purchase without permission, with kids’ most expensive unapproved shopping sprees costing families about $170 on average.
According to a nationally representative survey of 2,000 parents with children 18 and under, 31% said their kids have made digital purchases without permission.
For some, the cost was much higher than the $170 average: Nearly one-in-five parents (19%) reported their child’s spending spree exceeded $300.
While many of these unapproved purchases were for things like video games and fashion, some kids went for bigger ticket items, including computers, smartphones, smart watches and cameras.
A few parents even reported their children purchased stocks and cryptocurrency.
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