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The average child in the United States is paid $65 per month in allowance – or $780 a year – a survey by the American Institute of Certified Public Accountants shows. The poll found 61% of parents pay an allowance to their children. Among the parents who pay, 54% said they start doling out cash when their children reach the age of 8. About 48% said they pay extra when their children earn good school grades. The average rate for an A is $16.60. The survey found allowances come with strings – 89% of parents said they expect at least an hour’s worth of chores per week, although the average number of chore hours was 6.2. (The Huffington Post)

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