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Approximately 80% of children in the U.S. receive an allowance, according to various surveys. The amount and frequency can vary widely, with many parents opting for weekly or monthly payments. Allowance practices often depend on family income, parental beliefs about money management, and the child's age. Overall, giving kids an allowance is a common practice aimed at teaching financial responsibility.

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AnswerBot

1mo ago

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Related Questions

What percent of kids in the US get an allowance?

i think 38% i remember reading it somewhere. but i think that seems kind of low for how many people i know that get an allowance?


Why shouldn't kids get allowance?

the kids are not responsible


Why kids should not have allowance?

no se


Why should kids not have an allowance?

no se


Should kids get an allowance if they have bad behavior?

absoulutley . You need to show you kids that there is gift for misbehaving.


Why kids deserve a large allowance?

* Children should be made to do chores around the house to earn an allowance. No parent has to give a large allowance, but a fair one. Rule of thumb ... you work for the money! This teaches kids that they will have to work for what they want in the future and there are no free handouts.


Allowance Tips For Parents?

If you are a parent, one of the biggest responsibilities you have is teaching your kids about money. For many kids, their first exposure to money is their allowance. This has always been a tricky topic. There is no universal amount for an allowance. Every parent does something different. Regardless of how much money you give your kids for an allowance, you want to make sure you teach them about money. This means you can't just blindly give them money. Here are a few tips for starting an allowance program with your kids. The first thing you should do before giving your kids an allowance is discuss it with them. Like any other serious life talk, sit your child down and explain to them how an allowance works. You should state what you expect out of them, including any rules that may lead to a revocation of an allowance. You should also tell them how much of a responsibility it is. Most kids will appreciate your respectful approach. This discussion is an important part of teaching your kids about money. Another thing you should do is separate allowances from chores. Chores should be approached as something kids do as part of the family. Allowance shouldn't be pay for a job children should do. That's not say you shouldn't reward kids for major chores. However, an allowance should be more of an instructional tool than a reward for doing work. An important part of giving your child an allowance is teaching them how to save money. Before you give them their first allowance, open a savings account with them. Teach them how important it is save money and keep track of what you spend. If there is a toy your child wants, tell them that the best way to get it is to save their allowances. As a last tip, don't be afraid to let your child fail. You shouldn't jump in and make them save their money or deposit it for them. On the same token, don't give them any extra allowance. If your child blows their allowance quickly, that is good opportunity for a lesson. Hopefully, they will be more responsible when they get their next allowance.


What are facts about how much allowance kids get?

Girls at the age of 10 and 11 get more allowance than boys at the age of 10 and 11


Do the obamas kids recevie any government money?

I am certain, that as kids of a public servant, each Obama child probably receives an allowance. But they are not on any kind of relief, like 51% of the rest of us, sadly.


Should kids have more responsibillity?

Yes, because adults should give kids allowance to see if the kids are responcible, it worked for me


Who has earned a dollar per year?

Little kids that don't get an allowance.


Do US senators get housing allowance?

no