Rima Grace

And I would say that it kind of adds up to this pretty inconclusive picture about whether allowances work, which I think is fascinating because this is something that we've done and parents have done for over a century.

And I would say that it kind of adds up to this pretty inconclusive picture about whether allowances work, which I think is fascinating because this is something that we've done and parents have done for over a century.

There is research that shows that kids who receive allowance payments early in life don't actually, it doesn't really have a significant impact on their likelihood of carrying a credit card balance later or opening a bank account.

There is research that shows that kids who receive allowance payments early in life don't actually, it doesn't really have a significant impact on their likelihood of carrying a credit card balance later or opening a bank account.

That's surprising.

That's surprising.

Yeah, it doesn't necessarily have a market difference.

Yeah, it doesn't necessarily have a market difference.

This is quite a difficult thing to research because allowance is a really broad catch-all category, and you don't actually know exactly what each parent is doing and how devoted they are to it.

This is quite a difficult thing to research because allowance is a really broad catch-all category, and you don't actually know exactly what each parent is doing and how devoted they are to it.

So it's harder to measure the outcomes that way.

So it's harder to measure the outcomes that way.

Okay, last question.

Okay, last question.

After all this reporting, what is your personal take on allowances?

After all this reporting, what is your personal take on allowances?

Oh, that's a good question.

Oh, that's a good question.

I think my totally subjective read on allowances is that they are really a way for parents to work through some of their own, I think, really rightful and logical kind of anxieties about their kids and their kids' future, right?

I think my totally subjective read on allowances is that they are really a way for parents to work through some of their own, I think, really rightful and logical kind of anxieties about their kids and their kids' future, right?