Thursday, February 22, 2018

Lunar New Year: Who owns the 'lucky money' in a red envelope?

Every Lunar New Year, children are typically given red envelopes containing "lucky money", meant to represent good wishes for the year ahead.  Beginning this year on 16 February, the holiday is celebrated by hundreds of millions of people around the world.  But this week, the case of a woman suing her parents for pocketing 58,000 Chinese yuan ($9,200, £6,600) of what she received, has got people asking who owns the money in a red envelope - the children or their parents?
What is a red envelope? 
 It is referred to by many names - in Mandarin it's called "hongbao" and in Cantonese it is "lai see" - but what it is essentially is an envelope filled with cash.  It is generally given out to children or younger unmarried relatives during Chinese New Year by those who are already married as tokens of good fortune and blessing for the year ahead.  Typically, only married folks give out red envelopes, though unmarried people can also do so if they are feeling particularly generous.  The amount of money in a red envelope can vary from as little as $2 to hundreds of dollars.


 Source: BBC NEWS

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