If you’ve noticed kids today living like they have more disposable income than adults buying groceries, you’re not wrong. While many parents are in the cereal aisle doing mental math over whether the ...

Of course, it is OK to say no,” says Deana Healy, vice president of financial planning and advice at Ameriprise. Yet, for many parents and grandparents those words are harder to act on than they seem.

Inflation may be on most Americans’ minds while they’re at the grocery store and gas pump, but not when they’re doling out their kid’s allowance. While 29% of parents have increased their kids’ ...

Parents will do anything for their kids, but that could be coming at a huge cost ‒ to themselves, according to a new study. More than a third (36%) of the 3,000 parents surveyed by Ameriprise in ...

"Hearst Magazines and Yahoo may earn commission or revenue on some items through these links." My 9-year-old daughter gets $10 per month as an allowance. Here's how we arrived at that figure: She ...

Parents who raised financially independent adults didn't just get lucky—they deliberately taught money lessons that went far ...

Editorial Note: We earn a commission from partner links on Forbes Advisor. Commissions do not affect our editors' opinions or evaluations. Chores and allowances have long been a way of life for many ...

The great allowance debate roars on, and may have moved to a whole new level with a personal-finance scholar’s recent assertion that a “regular, unconditional allowance may be akin to cruelty to ...

Despite inflation, most parents haven't increased their children's allowances. The average weekly allowance for children ages 5-17 is $37.19, but the median is $20. Digital payment methods like Venmo ...