Majority of parents think children will be worse off than they are However despite their parents' gloom, children believe that they will be earning £56,000 a year by the time they reach 35, more than twice the average yearly wage. The survey found that English teens were most prone to over-estimate their future earnings potential. The average English teen expects to be earning £57,000 by their mid-30s. This compared to Northern Irish teens who expect to earn £39,000. However both figures are significantly higher than the actual average earnings of £24,000 for that age. The majority of adults believe that teenagers will be earning just £25,000 at the age of 35. The majority of children have said they want to hear financial advice from their parents. However when RBS asked adults, only a third actually said they felt qualified to discuss money with children. Seven in ten children said that they would like their parents to teach them about finance.