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Poll: Do You Give Your Child Too Much Money?

Do you give your kid enough money, not quite enough or is your kid totally spoiled? According to his longtime girlfriend (who should know cuz she helps spoil him) my son is spoiled.

Her evidence? The kid drove a red convertible in high school and every time he visits we buy him a lobster.

Admittedly, red convertibles and lobsters are the signs of spoiling -- Mystic Pizza anyone?

But in our defense, the convertible was 22 years old by the time it was handed down to him. The car had no odometer, no AC, no heat and a roof with actual holes in it -- and a puddle in the back seat to match. It was pretty much a drive shaft and a seat belt.

And, believe me, buying a lobster at the Korean grocery for $6.99 a pound and cooking it at home is a lot cheaper than taking the kid to Chili’s even once.

Average kid "earns" $1360 from bribes and gifts.

But maybe he really is spoiled. Maybe most kids are spoiled. I just read a study from VoucherCloud.net that said the average child under 10 in America “earns” the equivalent of $1,360 per year from parental bribes, allowance and financial gifts.

That seemed like a lot to me,  for kids under 10 especially. Does it seem like a lot to you?

More than 70 percent of respondents in that survey said that they give their kids money regularly as part of a monthly allowance, rewards for good behavior, bribes to make them behave, gifts on special occasions and/or payment for chores.

Majority of parents want to give kids less money.

But the majority of those parents didn’t like how much they were giving their kids and wanted to give them less but felt guilty or pressured.

Money in a military family is often kind of tight. How do you feel about what you give your kids? Are you giving them too much? Too little? Just enough? Please tell us in our poll and check out the results below, then share how you figure out how much is too much.

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