Kids have a pretty sweet situation with allowance money these days.
I think I scored $2 per week from my parents to start, and then later on I got an extra $1.50 or $2 for mowing certain sections of the yard. That’s how I could afford those hot eleven dollar jeans!
The average allowance nowadays is just over $16 a week or $65 per month, according to the American Institute of CPA’s. That comes out to about $780 each year.