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Children’s allowance averaged $9.06 per week in 2018


Do you give your children allowance? Are you curious to know how much kids are getting these days? According to a survey by RoosterMoney, an allowance and chore-tracking app, in 2018 parents provided their children $471 in allowance, equating to $9.06 a week. The recipients saved 42 percent of it.

Sixty-nine percent of parents gave a regular allowance last year. The “most lucrative” chores that accompanied some allowances were washing the car, gardening, and cleaning one’s room. Kids held on to 42 percent of their allowance to save for big purchases. Additionally, the survey gathered information on how kids earn additional funds. It found that 11 year olds were the most entrepreneurial—the most likely to boost their income by selling old toys and clothes and averaging $28 per sale.

The top 10 most popular items they saved up for were:

  1. Phones
  2. Lego
  3. Tablet
  4. Nintendo Switch
  5. Dolls/Figures
  6. Xbox
  7. Bikes
  8. Books
  9. Nerf toys
  10. Computers

Conversely, the top 10 items that kids regularly sent their weekly allowances on were:

  1. Candy
  2. Presents
  3. Books
  4. Apps
  5. Lego
  6. Xbox
  7. Pokemon
  8. Roblox
  9. Minecraft
  10. Tithing

Some parents contribute money for specific tasks rather than a flat weekly allowance rate. These are the top-earning chores:

  1. Washing the car, $4.60
  2. Gardening, $4.34
  3. Cleaning their bedroom, $2.71
  4. Mopping the floor, $2.33
  5. Cleaning the bathroom, $1.82
  6. Cleaning the kitchen, $1.72
  7. Vacuuming, $1.52
  8. Helping with dinner, $1.52
  9. Dusting, $1.52
  10. Looking after pets, $1.48

 

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