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T. Rowe Price
Children enjoy allowance hikes as economy improves
Children enjoy allowance hikes as economy improves

Children are enjoying hikes in their allowances as the fortunes of their parents brighten. From 2011 to 2013, the percentage of parents giving their children between $11 to $30 a week climbed significantly, thanks in part to an economic rebound, according to data analyzed by T. Rowe Price for Reuters. At the same time, more budget-conscious mothers and fathers who only shelled out up to $10 a week dropped sharply. Some children are seeing even bigger boosts to their spending money. About 4% of parents in 2013 -- nearly four times the number in 2011 -- bestowed between $41 and $50 on their offspring. Another 1% handed their children an eyebrow-raising $91 to $100 a week. A T. Rowe Price...

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