Allowances can be a tough to figure out as a parent. They are an important part of building strong money habits with your kids at an early age, but every single parent seems to give allowances in a different way. Over the years, we’ve surveyed thousands of parents across the country to get their insights on burning topics like: whether or not to give an allowance, how much to give, and how to manage allowances with your kids.
Below are all of our survey results, some interesting insights, and a few third-party allowance statistics to give you the tools you need to establish a great allowance program with your kids. Also be sure to read our guide on how to give an allowance and please let us know if you have any questions!
- 74% give allowances
- 66% of those that give allowances tie them to chores
- 54% of those that give allowances require their kids to save a portion
- 59% are satisfied with their current allowance system
- 51% received an allowance as a child
Here are the weekly allowance averages from thousands of How Much Allowance survey responses:
Here’s some other interesting observations:
- The most common weekly allowance amounts is $5.00 for 5, 7, 8, 9, 10, 11, 12 and 13 year old boys; as well as for 7, 8, 9, 10, 11, 12 and 13 year old girls.
- Many parents pay all their kids the same amount regardless of age.
- Some parents pay their kids allowances through the early 20’s.
- The oldest person reported to receive an allowance is a 32 year old and the youngest is a 1 year old.
Here’s how Kids’ Money parents are responding to those Allowance Survey questions:
Do you give your children allowances?
Yes – 87%; No – 13%
Are you satisfied with your current allowance system or the lack of one?
Yes – 70%; No – 30%
Did you receive an allowance as a child?
Yes – 52%; No – 48%
Are you a single parent?
Yes – 18%; No – 82%
How frequently do you give allowances?
Weekly – 74%, Every Two Weeks – 12%, Monthly – 10%, Other – 4%
Do you tie allowances to chores?
Yes – 62%; No – 38%
If you do, what happens when chores are not done?
Give full allowance – 16%; Reduce amount given – 50%; Give no allowance – 34%
Do you make your children save a portion of their allowance?
Yes – 51%; No – 49%
Do you allow them to borrow against future allowances?
Yes – 37%; No – 63%
How do you come up with the allowance amount?
We ran all responses through a text analysis tool to find commonalities in parents’ answers. Here are some of the most common responses and themes.
- $1 per year of age – This theme occurred in over 10% of responses to this question.
- Each chore has a dollar value – This theme occurred in over 5% of responses, tying allowance to chores.
- “Seemed like a reasonable amount” – Allowances are often a guessing game for many parents, which is apparent in our survey results.
- “Report card” – Some parents choose to tie allowance to academic performance, which can create a lot of pressure and negative feelings towards money.