American Parents Shell Out $41 Billion a Year in Allowances, Says Study

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Every Sunday, I raid my wallet for $10 to give my 15-year-old son for his allowance. Now $10 may not seem like a lot, but it actually is when neither myself nor my husband ever seem to have it. Cash-money is a real rarity in our house, and apparently giving a teen a measly $10 is as well.

In a survey conducted by Finder.com, American parents shell out a whopping $41 billion a year in allowances. That’s right, $41 BILLION. [Read more …]

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