A good sign for the future? Report shows kids are saving allowance

News
This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated.

Some of us might be able to take a few tips from kids when it comes to saving money.

A new study shows children who get an allowance save 42% of their money on average.

This is based on a study of 30,000 4 to 14-year-olds by Rooster Money.

The study shows about 70% of parents say they give their children an allowance.

The average pay is just over $9 a week.

Washing the car, gardening and cleaning their rooms are the top 3 chores kids are doing for cash.

So what are they saving for? Electronics – with phones being the number one item.

Around the Buckeye State

More Ohio News
FOX 8 Cleveland Weather // Quick Links:

Hot on FOX 8

More Viral