Your Kid Got a Better Raise Than You Did Last Year

Your kid probably got a better raise than you did in 2018, according to a new study. Kids between the ages of 4 and 14 saw a 3.7% bump in their allowances. Whereas the average worker only got a 3% bump in their wages.

Kids also save way more of their money than adults. On average, kids save 42% of their money compared to 2.4% for adults. But kids' expenses are a lot lower than their parents' expenses.

Here are some chores, and how much the average kid got paid for them last year:

• Washing the car – $4.60
• Gardening – $4.34
• Cleaning their bedroom – $2.71
• Mopping – $2.33
• Cleaning the bathroom – $1.82
• Cleaning the kitchen – $1.72
• Vacuuming – $1.52
• Helping with dinner – $1.52
• Dusting – $1.52
• Looking after the pets – $1.48