Current Rates for a Child’s Allowance

I’m not sure kids’ allowance is keeping up with the rate of inflation.  This is why it saves to not have kids. I can barely keep myself on the payroll!

A new study found that the average kid between four and 14 years old gets $8-a-week in allowance.  But that’s just the base salary.  They also get paid extra for doing their chores, including . . .

1.  Washing the car is worth an average of $4 extra.

2.  Taking care of the yard, $4.

3.  Cleaning their room, $2.

4.  Laundry, $2.

5.  Vacuuming, $1.50.

6.  Taking out the garbage, $1.

7.  Washing the dishes, $1.

The study also found the kids save about 37% of the money they make.  Based on the $416 in just allowance at $8-a-week, that means they’re saving about $154 a year.

 

 

(Daily Mail)