School is out, but a lesson on money can begin. A new survey from Wells Fargo shows that out of around 1,600 parents in the U.S. about 71% are still giving allowances to kids. Louann Millar, leader of ...

Being a broke college student is honestly a rite of passage for many teenagers and young adults. For most graduates, a weekly allowance from parents wasn't really an option, and extra money meant ...

A Wells Fargo study released July 2 found that 71% of parents with children ages 5-17 give them an average weekly allowance of $37. The study found that 73% of parents who provide a weekly allowance ...

When it comes to teaching kids about money, few tools are as simple and effective as an allowance. More than just a weekly payout that kids can spend however they want, an allowance can become a ...

Despite inflation, most parents haven't increased their children's allowances. The average weekly allowance for children ages 5-17 is $37.19, but the median is $20. Digital payment methods like Venmo ...

Remember the concept of monthly or weekly allowances? Depending on your household, you were either given an allowance for doing household chores or, if you were lucky, your parents gave you an ...

Thanks to inflation, largely gone are the days where kids could wander down to the penny candy store to buy themselves a cheap treat. So, how much money should you now give your children in an ...