Kids Allowence In The 2020’s

2019-10-02

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Kids allowance in the 2020's #IYP Boy how times have changed and boy how the world we live in has changed. These are just fact's and issue's each human has to deal with as the days pass us by. So a study that was done and released today which is about kids and their allowances, and I found this paper very interesting. The average allowance now for most youths under 10 is 120 dollars a month. To me I thought that was crazy high - now I also understand there is in...

Kids allowance in the 2020's #IYP

Boy how times have changed and boy how the world we live in has changed. These are just fact's and issue's each human has to deal with as the days pass us by.

So a study that was done and released today which is about kids and their allowances, and I found this paper very interesting. The average allowance now for most youths under 10 is 120 dollars a month.

To me I thought that was crazy high - now I also understand there is inflation and things are just more expensive in general as the years move on.

The one high light for me and as with yesterday’s show I sat on the fence, meaning I agree with both aspects of the paper, it was that 92 percent of the parents were giving and allowance and in turn trying to educate their children about money, wealth creation, saving , balancing a check book you know all that fun grown up stuff. Which I back 100 percent.

Why well because none of us learn any of these real world skills in school and that is a shame.

However on the flip side a lot of these parents were not actually making their children do any type of service or work for the money being giving, some were just putting money into an account for the child to have at a later date. Which is also fine but defeats the point of an allowance in the terms I understand it anyway.

For me I had concerns with that, the reason is as if you are being taught that you don’t have to do anything for money and the money you don’t do anything for is probably paying better than a typical after work job.

So then are we possibly teaching the next generation some bad habits?

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