Main Line Mom Among Many Parents Facing Allowance Dilemma

By

Anastasia Shown and her husband Symeon Braxton don't give their children Desmond, 5 (left) and Samson, 7 (right) allowances. Image via Anastasia Shown.

Erin Tessler of Bryn Mawr is one of the many parents struggling with deciding how to handle the allowance situation as their children are growing up, writes Alfred Lubrano for The Philadelphia Inquirer.

According to a new survey conducted on behalf of the American Institute of Certified Public Accountants by the Harris Poll, the average weekly allowance in the country is $30. This comes out to $1,560 a year and nearly doubles the $17 average from three years ago. The children receiving an allowance average 14 years old.

Still, around 33 percent of parents do not give their children an allowance. For some, it is not an easy decision to make.

“I struggle, I do,” said Tessler.

The 41-year-old divorced preschool teacher has three children aged 5, 8, and 11 and has yet to find a way to resolve this dilemma.

“I want to instill the value of money, but I have not come to a weekly or monthly allowance situation that works for me and three children,“ she said. “And I don’t know any people in my circle who give allowances.”

Read more about the issue at The Philadelphia Inquirer by clicking here.

Stay Connected, Stay Informed

Subscribe for great stories in your community!

"*" indicates required fields

Hidden
MT Yes
This field is for validation purposes and should be left unchanged.
Advertisement