Teen Survey: The Average Allowance is Up to $30 a Week

How can you spend $30?

New York Times illustration

How can you spend $30?

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The average allowance U.S. parents give their children for doing chores and helping around the house is $30 a week.

That’s a lot more than it was just two years ago, when the average allowance was $17, according to a survey by the 360 Financial Literacy Organization.

The group said parents give their children allowance to teach them money management skills — and to pay them for doing chores.

Youth mostly spend their allowance on outings with friends, snacks and electronics.

New York Times