Who's Living the Best Life: Kids or Parents?

$$$$$$$$$$$$$$$$$ $$$$$ S $$$$$$$$$$$$$$ WHO'S LIVING THE BEST LIFE? $$$ After a year of saving, the average American child's allowance provides him or her with enough money to splurge on an iPad and three Kindles-all with a few dollars left over-according to an American Institute of CPAS survey conducted by Harris Interactive. Since iPads remain a luxury item for most, this got us Does your child receive an allowance? thinking: Are our kids living better lives than us? YES NO 61% of parents pay allowances to their kids. Are your children over 8 years old? Does your child receive more than $65 a month? NO YES NO YES Perhaps it's time to The average weekly allowance is $65 a month, or $780 a year. Don't sweat it. You still have a few years before you turn into an ATM machine. consider it. 54% of MOM MOM MOM parents begin giving allowancesby the time their children turn 8. You're quite a giver! Do you encourage your children to save their allowances? Does your child have a more up-to-date mobile device than your own? YES 81% of "ES $$$ parents said they discuss money Ф management with their children, You may not be awarded Parent of the Year by the experts, but we'd love to be your kids. Does your child perform any chores to receive the allowance? You're likely smart about your own money, and you're teaching your child to be the same. YES NO 89% of It sounds like you like to spoil your kids a bit but know where to draw the line. parents expect their childrento work at least one hour a week. You're likely carefree with your money, and your kids are following suit. Source: AICPA.ORG COUPON CABIN.COM %24