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Report: Kids earned more allowance in 2018

Posted at 2:30 PM, Jan 14, 2019
and last updated 2019-01-14 16:18:09-05

A new report reveals just how much allowance kids are earning and it went up in 2018.

A survey of more than 30,000 kids by RoosterMoney, a kids’ chore-tracking app, finds that kids between the ages of 4 and 14 earned an average allowance of $471 last year.

That equates to about $9.06 a week, an increase of about 3.7 percent from the previous year.

That also factors in an average of $58 in cash received for Christmas.

Researchers say 69 percent of parents choose to give their kids a regular allowance.

Among the most common chores they’re asked to do in return include, tidying up their bedroom, which earns an average of $2.71, laundry, looking after pets, cleaning the bathroom, and taking out the trash.

The top three things kids are spending their allowance on are candy, presents and books.