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The Amount of Money Kids Earn From Chores Will Make you Feel Broke

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This little boss needs to talk to a financial planner!

All of those chores are paying off.

The average kid’s allowance rose more than American workers’ salaries in 2018.

Up 3.7% for the kiddos, and roughly 3% for the adults, according to MarketWatch.

Chore-tracking app RoosterMoney sampled more than 30,000 children for the results.

Think from 4 to 14 years old.

Kids in this age range made an average of $471 a year or just over $9 per week.

A good chunk came from cash received as Christmas gifts, which came out to an average of $58.

But most money was made the old-fashioned way; by putting in the work.

And parents were happy to reward those good habits.

69% of parents in the U.S. gave a regular allowance last year.

And kids did a good job of saving their money; better than the adults.

They saved 42% of it.

Those older and wiser saved just 2.4%.

The payoff?

Kids saved up for the usual suspects; phones, games and tablets.

But some chores paid off more than others.

Washing the car earned kids $4.60, gardening came in a close second, and cleaning the bedroom rounded out the three top earning chores.

They’ll need a bigger piggy bank!

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