"Hearst Magazines and Yahoo may earn commission or revenue on some items through these links." My 9-year-old daughter gets $10 per month as an allowance. Here's how we arrived at that figure: She ...

Parents giving kids a regular allowance is something of a rite of passage. According to a Wells Fargo study published last year, 71% of parents give kids some allowance, with an average amount of $37 ...

If you’ve noticed kids today living like they have more disposable income than adults buying groceries, you’re not wrong. While many parents are in the cereal aisle doing mental math over whether the ...

Despite inflation, most parents haven't increased their children's allowances. The average weekly allowance for children ages 5-17 is $37.19, but the median is $20. Digital payment methods like Venmo ...

Explore essential questions to guide your family's allowance choices and teach valuable money skills with confidence.

Hi Taylor: My husband and I have never given our kids an allowance before. With the school year about to start and them getting more independent, I’m wondering if now might be a good time. Any ...

Elizabeth Guevara is a personal finance reporter who explains the world of business and economics and how it impacts your finances. She joined Investopedia in 2024. Maskot/Getty Images The majority of ...

Is allowance-flation happening in 2025? A new study has found the average kid is raking in up to $52 per month in allowance — $36 more than their parents did at the same age, adjusting for inflation.

A recent report shows changes in family chores but here's why experts aren't sold on the approach.

Editorial Note: We earn a commission from partner links on Forbes Advisor. Commissions do not affect our editors' opinions or evaluations. Chores and allowances have long been a way of life for many ...