Should children receive an allowance?

Do you give your kids an allowance? FOX 5's Wisdom Martin and Maureen Umeh think the concept is ridiculous! But according to a new study released by American Express, most parents would disagree!

Here are four things that American Express has to say about allowances: 

1. More than 75% of parents reward their children for doing chores. 

2. 90% of parents say they'll award kids for academic excellence. 

3. The average weekly allowance is $35.

4. Most parents said ages 7 and 8 are the most appropriate time to start earning an allowance.

What do you think? COMMENT on out Facebook page and let us know!

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