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Chores or no chores? The economic psychology of giving kids pocket money

Chores or no chores? The economic psychology of giving kids pocket money

When growing up, many kids earned pocket money by babysitting, mowing lawns, walking dogs or washing cars for their neighbours. Part-time jobs delivering local papers or circulars (junk mail) were also popular. At home, some kids got a weekly allowance in cash that increased slightly each year. Others didn’t – the amount and the “inflation … Read more