I personally feel that when the parents are meeting all the needs of their children and are getting everything for their children, whatever the child wants, then there is no question of pocket money at all. It is applicable for those who parents who keep on refusing their child's wants which later turn to demands. So that pocket money can be used by the child for making purchases according to his / her wants. When the parents are purchasing whatever the child asks for, then I am sure such a child will neither ask for pocket money nor will feel it necessary to have pocket money. As every coin has two sides, so also there are some disadvantages of giving pocket money to the children. As this might increase the freedom of purchase in the child and might lead to developing bad habits in the child. So, when the child is given pocket money, parents should always have a good, healthy and friendly rapport with their children and should know the details of expenditure the child has made so that parents can guide their wards in the right path and save him / her from developing bad habits in future.
Thanks & Regards