The Economics Of Parents Bribing Their Kids

July 22, 2014 in Daily Bulletin

Christine DiGangi wrote about a survey of the amount paid to the child labourers that American parents keep on their payrolls:

  • The average child up to the age of 10 makes about $1,360 a year.
  • This includes allowances, bribes, rewards, and gifts.
  • 55% of parents pay bribes to make their children behave better, and 44% pay underage labour below market rates to do chores.
  • 65% of parents would like to cut their payroll costs but are unable to because a fair number feel they’re competing with other parents.

Read more about the findings of the survey, and what it might mean for the finances of families over here.

Source: Credit Blog