Kids Are Asking For A Raise In Their Allowance

Inflation has hit the kids too.

Episode Transcript

Speaker 1 (00:00):
When I was six point seven. Light up, I'm good morning.
It's Covey, Christine producer Kristen with us of course, and Covey.
Let me ask you something. When you were little, did
you get an allowance from your parents?

Speaker 2 (00:12):
I did, but I had to do something. It wasn't like,
hey it's Monday, here's money.

Speaker 1 (00:16):
Oh okay.

Speaker 2 (00:17):
I was chores involved in the summertime, cutting the grass.

Speaker 1 (00:21):
Was there like a set amount or.

Speaker 2 (00:24):
I don't remember. I think it was like twenty bucks.
I think because I remember Atari cartridges. I was a
big Atari fan, and all the games cost around twenty bucks.
And I remember when I got that twenty bucks, I
was usually thinking about what the next game.

Speaker 3 (00:36):
I was going to get.

Speaker 2 (00:38):
Oh so, if my memory serves me correctly, it might
have been twenty maybe ten in the very early stages.
But it wasn't like a nickel or a dollar back
in the dinner of the stage. Yes, we were already
starting high in the eighties.

Speaker 1 (00:50):
Oh you needed to Yes. Well, I'm reading now that
the average kid is now earning fifty two dollars a
month in allowances, and they're saying that rate has jumped
tremendously because it's tougher times. The kids are like, I
need more money.

Speaker 3 (01:06):
That's about what fifteen bucks a week?

Speaker 1 (01:08):
Yeah, and parents are parents are going along with it.
They say they do it to teach their children responsibility
with money, and they believe that should start at the
age of ten. So you're your guys and producer Kristen,
your kids are too young right basically, Like according.

Speaker 2 (01:21):
To this, Naomi is almost six and she's already talking
about money. Like she sees a dollar on the table
and she's like, Dad, can I have this? And I'll
tell her to put her in a piggy bank if she.

Speaker 3 (01:32):
Sees it so cute. If she'll find maybe a straggler
hanging around.

Speaker 1 (01:34):
The house, so maybe you teach her like if she
saves up a little bit, then she can go buy something.

Speaker 2 (01:39):
She does take money right from what she sees something,
She'll take it right to her piggy bank. So she
knows about saving up already. Yeah, we're not doing allowances yet,
but that.

Speaker 3 (01:48):
Time will come. Yeah, that cat litter and you can
get a dollar.

Speaker 1 (01:51):
Oh, you're gonna make her do chores for it.

Speaker 3 (01:54):
I kind of would like her to, Okay, what about you?

Speaker 1 (01:57):
I don't know.

Speaker 3 (01:57):
I feel like your house.

Speaker 1 (01:59):
No allowances, no allowance, no chores were expected, no allowances.

Speaker 3 (02:04):
Well there are a lot of homes that are like that.

Speaker 1 (02:05):
Yeah, I just kind of I don't know. I think
I felt like more kids around me were getting allowances
and we weren't. But that could have been my perspective.

Speaker 3 (02:14):
Produce A.

Speaker 2 (02:15):
Christ, I know you have laryngitis, so don't talk, but
are you do you plan on doing allowances for chores?

Speaker 3 (02:20):
No? No, just it's expected.

Speaker 1 (02:22):
Okay, that was the same in your household growing up,
Producer Christ. And yeah, yeah, the same as as for me.
But yeah, so that's the going rate for kids right
now is fifty two dollars a month a month, and
not all parents expect and the kids to do chores
for that. But it's just cute some of the things
that kids have spent their allowance on. What can we
just go through? Yeah, a spider sold by a classmate.

(02:47):
That that's a bargain right there. Bags of cheese all right,
because you got to have a snack.

Speaker 3 (02:51):
I'm not mad at that.

Speaker 1 (02:52):
Actually, a baby chicken, a baby chicken, and la boo
boos and lafufus of course, the fake ones.

Speaker 3 (02:59):
I'm sure a lot of kids.

Speaker 2 (03:00):
They're also spending money on apps and stuff like games
and on their.

Speaker 1 (03:03):
iPad and and some of the parents are saying they
don't do cash. They send them.

Speaker 3 (03:08):
Venmo or PayPal. Y they do.

Speaker 2 (03:10):
That's twenty twenty five right there, right Hit us up
at four four, three, six three allowances in your house.

Speaker 3 (03:15):
You're a parent, do you do it?

Speaker 2 (03:17):
Is it not expected because they're supposed to do things anyway,
I'd love to hear your thoughts on this.