How Much Allowance is Given to Children Per Month

8% of parents say their children can handle money responsibly...

According to a new study, the average child’s allowance is now $52 a month, or roughly $13 a week.

Of course, that could vary a lot based on how old the child is…how much work they’re putting in and how tight money is in the house. 78% of parents say their children can handle money responsibly and 61% admit their kids are more financially responsible than they were at the same age. A lot of parents still hand over cash but nearly a third have embraced alternatives, like venmo or preloaded debit cards designed for kids. Others have abandoned currency entirely, and compensate their children in experiences or screen-time instead.