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Kiplinger
Kiplinger
Business
Ella Vincent

REVEALED: Smart strategies for paying your child an allowance | Vintage Vibes

Stacks of coins on a table.

The practice of parents paying their kids an allowance is still going strong.

A recent Wells Fargo survey found that 71% of parents who have children between the ages of 5 and 17 give them an allowance, averaging $37 a week. However, about half of parents who responded to the survey struggle to discuss money in a way their children will understand.

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