What Kids Are Getting For Allowance
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While your parents may have thrown you a few coins each week for an allowance, kids these days certainly seem to be making out pretty well.
According to RoosterMoney, an app that tracks kids’ allowance and chores:
- 69%% of parents say they gave their kids an allowance last year.
- The average weekly allowance is $9.59, or $499 a year.
- That’s an increase of 6% from last year.
Many kids have to do chores to get some of that dough, and while that may sound harsh, it seems they're getting paid well to do them. The report notes the top earning chore are:
- Mowing the lawn, $7.53
- Washing the car, $5.56
- Gardening, $3.42
- Washing windows, $3.23
- Cleaning bedroom, $2.31
- Helping make dinner, $2.19
- Looking after pets, $2.11
- Clean bathroom, $2.02
- Vacuuming, $1.96
- Mopping, $1.92
And it turns out not all of those kids are running to spend their money as soon as they get it. In fact, kids are likely to save 42% of the money they’ve earned, As for what they're saving it for, the tops items include:
- Lego Sets
- Phones
- Nintendo Switch
- Pokemon
- Books & Magazines
Of course some kids do spend their money. The top items they are spending their allowance on incude:
- Books & Magazines
- Presents
- Candy
- Roblox
- Lego
Source:Yahoo