Growing up, my weekly allowance pretty much stayed the same. My parents gave me a weekly list of chores to complete, and if I finished that list by the end of the week, I would receive a crisp $5 bill.
That "Abraham Lincoln" was a big deal to me as a young kid, but when compared to my parents' paycheck, it wasn't all that much. There were no cost of living adjustments to my weekly allowance, no negotiations at the end of the year where I would argue why I may or may not deserve an increase (I didn't), and while my parents might have gotten a raise most years, my $5 allowance remained... you guessed it... a $5 allowance.
But that can't be said for today's children, at least not for those who earned an allowance in 2018.
Data recently gathered by 30,000 users of the chore-tracking RoosterMoney (via Market Watch), the nation's children's allowances saw an average increase of 3.7% in 2018 from the year before, while their parents' salaries only saw an increase of 3% during the same 12-month period.
In 2018, children between the ages of 4 and 14 years of age received an average of $471 annually, which equals out to a little more than $9 a week, according to RoosterMoney. But if the nation's youngest minds are making, on average, $9 a week, how are they earning it?
Here are just a few of the top-earning chores:
1. Washing your parents' cars: $4.60
2. Helping out in the garden, aka, finishing the weeding their parents didn't want to do: $4.34
3. Cleaning their bedroom, or as I like to call it, pushing everything under the bed or into the closet: $2.71
4. Mopping the floor: $2.33
5. Cleaning the bathroom, but we all know their mom will have to come back through and do it again: $1.82
Other top earners included cleaning the kitchen, helping with dinner, and looking after their pets, to name a few.
It's crazy how much parents are paying their children to complete some of these tasks but don't take that as a complaint because I'm not complaining. No, not at all. Okay, maybe I'm just a little jealous. I mean, $4.60 to wash a car is almost as much as I made in a week ($5) cleaning my room, putting away the dishes, and faking asthma attacks when it was my turn to rake the leaves.
But I guess it's a different time now.
Even though American workers aren't seeing the great increases to their wages that their parents experienced when we were kids, at least parents are passing on the wealth they're not receiving to their children who be may or may not be finishing their chores.
At least there might be some hope in that.