Rima Grace

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Terms apply.

Money Movement Services are provided by Intuit Payments, Inc., licensed as a money transmitter by the New York State Department of Financial Services.

Money Movement Services are provided by Intuit Payments, Inc., licensed as a money transmitter by the New York State Department of Financial Services.

This is Marketplace.

This is Marketplace.

I'm Rima Grace.

I'm Rima Grace.

For a lot of families, giving kids an allowance is kind of a milestone, first attempt at teaching them how money works.

For a lot of families, giving kids an allowance is kind of a milestone, first attempt at teaching them how money works.

A Wells Fargo survey from last year found that more than 70 percent of respondents gave their kids some type of allowance.

A Wells Fargo survey from last year found that more than 70 percent of respondents gave their kids some type of allowance.

Though as times change, so too do the forms of payment.

Though as times change, so too do the forms of payment.

Michael Waters is an author and journalist who had a story in The Atlantic titled The New Allowance.

Michael Waters is an author and journalist who had a story in The Atlantic titled The New Allowance.

Michael, thanks for joining us.

Michael, thanks for joining us.

Thank you for having me.

Thank you for having me.