A new report from kids' finance app Spriggy shows that kids raked in a total of $286.3 million last year, with their income growing three-times faster than the national average.

Based on data from 790,000 active child users, Australian kids are now making an average of $50.97 per month - an 11% increase compared to 2024.

This growth not only outpaces inflation by more than five times but also surpasses the projected average wage growth in Australia for 2025 by over threefold.

Spriggy's data also highlights a notable reversal of the gender pay gap among younger generations, showing that girls earn $1.03 for every dollar boys make.

This stands in stark contrast to the Workplace Gender Equality Agency's figures, which report that women still earn just 78 cents for every dollar earned by full-time men.

Viral trends and charity drive kids' savings

Viral cultural trends are clearly influencing what children choose to save for, with Labubu plush toys experiencing a staggering 9,600% surge as a popular savings goal. Meanwhile, Japan has become the top destination for family travel dreams.

At the same time, children have donated over $1 million to charity, reflecting a growing generation of socially conscious savers.

Jasmin Dayes, Spriggy's Head of Finance, said the findings reveal the distinctive ways Australian kids are engaging with money today.

"These results prove kids are far more engaged with money than many people realise," she said.

"They're not only working hard and saving ambitiously, from family holidays to viral trends, but also showing wonderful generosity, donating over a million dollars in the last year alone.

"This is a generation that is both financially aware and socially conscious, which is something worth celebrating."