The Daily Money: What's the going allowance rate?
Good morning and Happy Friday! This is Betty Lin-Fisher with Friday's consumer-focused edition of The Daily Money.
Let's just say it has been awhile since I've doled out allowances for my "kids," who are young adults. So when I read a story by colleague Rachel Barber about the going rate for kids' allowances, I was surprised.
According to a new survey by Wells Fargo, 29% of parents have increased their kids' allowances over the last year to keep up with inflation while 65% have not and 6% have decreased the amount they give their children.
How much are kids getting for allowances?
How to save on car-loan interest
Are you in the market for a new car? You might want to consider the 20% rule if you'll be financing that new ride.
New car prices have reached record numbers in 2025.
What is the 20% rule and how can that help your car payments?
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Kroger is facing backlash on TikTok after a video of lackluster Juneteenth cakes for sale at one of the grocery store's locations went viral. The video, which was recorded at a store in Atlanta, Georgia, showed several cakes minimally decorated in honor of the federal holiday on June 19, which marks the 1865 emancipation of the last enslaved people in the United States.
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