{"id":13209,"date":"2019-12-10T10:38:30","date_gmt":"2019-12-10T16:38:30","guid":{"rendered":"https:\/\/www.lexingtonlaw.com\/blog\/?p=13209"},"modified":"2023-04-04T12:58:09","modified_gmt":"2023-04-04T18:58:09","slug":"kids-allowances","status":"publish","type":"post","link":"https:\/\/www.lexingtonlaw.com\/blog\/news\/kids-allowances.html","title":{"rendered":"1 in 4 Americans Don’t Believe Kids Should Get an Allowance"},"content":{"rendered":"\n
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Sixty-four percent of Americans all agree that allowances teach kids about money.<\/h2>\n<\/div>\n\n\n\n

For many Americans, managing their finances is a struggle. In fact, we found in a previous survey<\/a> that most Americans don\u2019t have a savings goal and two in five have less than $1,000 in savings. In another study, we learned that most Americans could not pass a basic financial literacy quiz<\/a>.
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Americans\u2019 lack of financial knowledge often translates to poor financial habits. It makes you wonder how things might turn out if Americans start learning about money earlier, like when they start earning an allowance. 
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Allowances are one of the first times that most Americans probably handle their own money, so how much do they really help? We surveyed 2,000 Americans to see if they thought allowances make a difference and when kids should start earning.<\/p>\n\n\n\n

Key Findings:<\/h2>\n\n\n\n