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One-quarter of six-year-olds target car purchase by 12

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Some 25 per cent of six-year-olds think they will buy their first car by the age of 12.

Despite the fact individuals have to be 17 to legally drive on the road, this does not seem to have dampened the spirits of many youngsters.

The result was part of a survey carried out by Legal and General and unsurprisingly it shows that kids are quite naive at this stage of life.

A total of 80 per cent think they will be homeowners by 25, while 53 per cent are of the opinion that a house costs £10,000 or less.

On top of this, 25 per cent believe they could get by forever on just £10 and 19 per cent view money as exclusively for buying sweets.

Simon Ellis, managing director of Legal & General Investments, said: "Whilst our tongue in cheek research gives insight into the charming naivety of children, it is important to remember that financing your child's future is a serious matter."ADNFCR-2576-ID-801355124-ADNFCR

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