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.
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