According to research from the American Institute of Certified Public Accountants (AICPA), 61 percent of American parents hand out allowances to their children, with the average child netting $65 each month, or $780 a year. Unfortunately only 1 percent of parents surveyed reported their children had saved any portion of their allowance, which Neale Godfrey, author of ‘Money Doesn’t Grow on Trees: A Parent’s Guide to Raising Financially Responsible Children’ says is partly due to the US culture of spending. Godfrey and other financial experts hope to educate parents on how to teach childr