Tuesday June 2, 2020

Stashing the First Communion cash

Children receiving monetary gifts for their First Holy Communion last year got an average of €323, writes Emma Kennedy.

30th March, 2013
A number of savings accounts are aimed at children who are beginning to save for the first time. Photo: Thinkstock

Monetary gifts have long played a role in Communions and Confirmations, with some children receiving hundreds of euro in cash gifts to mark the religious celebrations.

Despite ongoing austerity, monetary gifts are on the rise. According to research published recently by EBS, children receiving monetary gifts for their First Holy Communion last year got an average of €323. However, estimates for 2013 indicate that the average monetary gift now stands at €455. The amount received...

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