Involving 1,200 students aged 10 to 15, the study sought to establish how they would act if they suddenly had this amount of money.
Eight per cent of the young people said they would everything to charity, while a further 17 per cent said it would all go to family, friends and charity.
Another 25 per cent said they would give a “significant proportion” to charity, family and friends.
The research has been carried out by the Wales Institute of Social and Economic Research, Data and Methods and its findings were presented last week at the British Educational Research Association’s annual conference.
The research also revealed a notable difference between the sexes, with 58 per cent of girls saying they would give all or some of the money away compared to just 41 per cent of boys.
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