Kids got an average of $414 allowance money in 2017—about $8.74 each week. That’s according to allowance-tracking app RoosterMoney, which polled 10,000 of its 4-14-years-old users to find an average. Ypulse’s own data foundthat 31% of 13-17-year-olds receive an allowance, too. The app’s CEO thinks that “[p]arents are finding it harder to have conversations about money because they don't have cash around,” and believes apps can be the solution. On RoosterMoney, Millennial parents can make digital currency feel more real, reward kids for saving, and teach kids the consequences of debt. (CNBC)
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