Wouldyoustooptopickupafoundpenny?Ifyoubelieveinthevalueofmoneyorthepossibilityofluck,youwould.Unless,ofcourse,you’reateenager.WhenNuveenInvestmentsasked1,000kidsaged12to17tonamethesumtheywouldbothertopickup,58percentsaidadollarormore.Somewon’tgivepocketspacetocoinsevenifthey’realreadyinhand,saysNealeGodfrey,authorofMoneyDoesn’tGrowonTrees.Manyhighschoolersbuylunchandthrowawaythechange,shesays.Asoneboyexplainedtoher,“WhatamIgoingtodowithit?”36.NuveenInvestmentsfoundthat___________
Allowances,doneright,areawaytoteachchildrentoplanaheadandchoosewisely,tobalancesaving,spending,investing,andevenphilanthropy.Doingitrightmeansdecidingaheadoftimehowmuchtogiveandhowoftentogiveit.Anditrequiresdeterminingwhatthechild’sresponsibilitieswillbe.38.Thewriterfeelsthatallowances___________
About50percentofchildrenbetween12and18getanallowanceorcashfromtheirparents,saysasurveyconductedbyOhioStateUniversityfortheU.S.LaborDepartment.Themedianamounttheygotwas$50aweek.(TeenagersintheEastNorthCentralregion,whichincludesOhioandIndiana,getthemost—amedianof$75aweek—andkidsintheEastSouthCentral,includingMississippiandAlabama,aregiventheleast,withamedianof$30aweek.)Nationallyspeaking,about10millionkidsreceiveatotalofaround$1billioneveryweek.39.Onaverage,childrenwhoreceivethemostallowanceslivein___________.