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Allowance amounts for kids increasing

2:27 PM, Nov 13, 2012   |    comments
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A survey by the American Institute of CPAs say six out of 10 parents pay an allowance.

The average earning is $15 a week or about $780 a year.

Money saved isn't necessarily money earned, the study says.

A majority of parents say their kids are spending their allowance just as quickly as their receive it.

(Copyright © 2012 NBC Universal, All Rights Reserved)

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