Contact Us

Kid’s Allowances On The Rise According To New Report

When I was a kid, my first allowance was 25 cents a week.I was six at the time but to me it was a big deal and it was my first taste of wealth. Looks like the kids these days are living like CEO’s on their parents payroll.

A new report says that the average allowance nowadays is just over $16 a week or $65 per month, which computes $780 annually.

This comes from the American Institute of CPAs (AICPA) which also  reported also learned that nine out of ten parents will make sure that their children earn their keep by working at least an hour a week.

The average kid is expected to spend 6.2 hours a week on chores before they spend their money.

It’s a rough life as a kid today gets an allowance and their parents will also pick up the tab for sports and hobby merchandise, cell phone charges, movie rentals and digital downloads.

The biggest find in the report is that kids who do well in school are often rewarded for their efforts with nearly half of parents paying an average of $16.60 for each A they get on a report card according to the AICPA.

Now that I have information that puts my 25 cents  a week allowance to shame, I’d best raid the kids piggy bank for the real dough.

 

More from KFFM.com

Best of the Web

Leave a Comment

It appears that you already have an account created within our VIP network of sites on . To keep your points and personal information safe, we need to verify that it's really you. To activate your account, please confirm your password. When you have confirmed your password, you will be able to log in through Facebook on both sites.

Forgot your password?

*Please note that your points, prizes and activities will not be shared between programs within our VIP network.

It appears that you already have an account on this site associated with . To connect your existing account with your Facebook account, just click on the account activation button below. You will maintain your existing profile and VIP program points. After you do this, you will be able to always log in to http://kffm.com using your Facebook account.

*Please note that your points, prizes and activities will not be shared between programs within our VIP network.

Please fill out the information below to help us provide you a better experience.

Register on 107.3 KFFM quickly by logging in with your Facebook account. It's just as secure, and no password to remember!

Not a Member? Sign Up Here.

Sign up for an account to comment, share your thoughts, and earn points to get great prizes.

Register on 107.3 KFFM quickly by logging in with your Facebook account. It's just as secure, and no password to remember!