Kids Are Getting a Raise

Do you give your children a weekly allowance? It's very common: Nearly 7 in 10 American parents gave their children a regular allowance last year. And those kids are getting a raise.

Children raked in an average of $499 in allowance last year, according to RoosterMoney, an allowance tracking app. That's a 6 percent increase from what they received in 2018.

Children generally start receiving allowance around age four, with younger children often starting to get an allowance when their siblings begin to receive it. The weekly allowance rate correlated roughly to $1 per year of the child’s age: Four year-olds, for example, got an average of $4.18 per week, while 14-year-olds received an average of $13.87.