Allowance for Kids: The Going Rate for 2014

Echo Boomers and Gen Xers are more generous than their elders

   

A survey looked at allowance for kids in 2014 broken down into three different age groups: 4-9, 10-13 and 14-17.

Cash Allowance for Kids: The Going Rate for 2014
Source: Flickr

The Harris Poll conducted the survey which asked 2,311 adults about the allowance they give their children nowadays. The poll also broke down the adults into four different age groups: Echo boomers (Americans ages 18-36), Gen Xers (ages 37-48), Baby Boomers (ages 49-67) and Matures (ages 68+).

This is what your average allowance for kids looks like in 2014.

  • For 4-9 year olds - $5.10 Echo Boomers, $5.40 Gen Xers, $3.10 Baby Boomers, $2.00 Matures.
  • For 10-13 year olds - $10.60, $10.10, $7.30 and $5.40, respectively.
  • For 14-17 year olds - $18.00, $18.80, $14.00 and $11.60, respectively.

The poll also showed that men are more generous than women in allowances and rural kids don’t get as much allowance as urban and suburban kids.

Check out more stats here.


Article printed from InvestorPlace Media, http://investorplace.com/2014/01/allowance-for-kids/.

©2014 InvestorPlace Media, LLC

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