Allowance breakdown: How kids are spending
America's youth will command more than $21 billion in pocket money by 2010, according to one study. Here's how they're dropping their cash.
Fo some kids the biggest part of their weekly allowance is spent on food -- fast food. Movies are a close second. But after that, money goes to ring tones, music and videos; then clothes and shoes.
A 2004 study conducted by TNS, an international market research firm, found that 79% of boys from ages 10 to 14 spend their money on games, compared with 42% of girls -- who prefer to buy CDs, books and clothes.
Gender differences aside, U.S. kids spend the biggest chunk of change on entertainment and technology: American kids spend most of their money on games (63% of all U.S. kids), clothes (31%) and CDs (27%), according to the TNS report.
There is help to teach your kids to save money.
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