Miley Cyrus gets a crummy allowance for a billionaire teen
Today, People reports that Miley Cyrus is the richest teenager in the world. By year's end, this 15-year-old will be a billionaire. But how much allowance does she get from her parents? A measly $300 per month. Apparently, it has been reported that Cyrus has no personal credit cards either. Total bummer.
According to a study by Teenage Research Unlimited, 11% of teens aged 12 to 19 have their own credit cards. A 12 year old with a Visa? Priceless. An additional 10% have access to a parent's card too. Another finding revealed that 61% of teens know how to write a check, but only 41% can balance a checkbook. Um, the Rage doesn't know how to make the numbers line up either. Fourteen percent of teens -- according to a 2006 study by the Charles Schwab Foundation -- owe more than $1,000 in debt.
Hey kids, maybe Miley can help you pay it off!
How much monthly allowance should a 15-year-old receive? Especially, if she screams: "I want it now, Daddy! Get me that golden goose!"
photo: Paramount Pictures.

Three hundred dollars for a $15.00 year old is more than I got... at ANY time! What does she need more than that for? To buy drugs? Her parents are doing the right thing. Hopefully, she'll avoid what the other teen celebs are going through.
Posted by: debiro1 | April 24, 2008 at 07:35 PM
$300 a month is totally fine. Hello, remember Britney?
Posted by: Miley's wig | April 25, 2008 at 06:54 AM
She works -- and works hard! Does she get access to the money that she earns by working?
Posted by: zee | April 25, 2008 at 08:39 AM
Great parents! I commend them for teaching her the value of money and setting a good example for others.
God Bless them always and I pray she stays the way she is.
Posted by: Marian | April 25, 2008 at 09:14 AM
There's still plenty of time for her to become a crack horror Britney and Lohan
Posted by: Tbone | April 25, 2008 at 09:55 AM
why does anyone give a crap about the kid of some horrible country/pop washout and how much money she does or doesn't have?
Posted by: seank | April 25, 2008 at 10:21 AM
Destiny Hope, Miley Cyrus or what ever she's call these days is currently at the top of the tween world, THE A-list celeb for the under 20. What does she actually have to pay for? Like other big name celebs, she gets more free stuff thrown at her than most people will earn in their lifetime.
Posted by: liz | April 25, 2008 at 10:57 AM
yeah. that's nice. i expect that. what i am more interested in is:
1) how much do her parents get for "managing" her career
2) how is her money invested?
Posted by: dk | April 25, 2008 at 12:51 PM
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Posted by: Macmillan | April 27, 2008 at 03:14 PM
miley just thing of all those pour people hwo don,t even have a home so I would just be very thank ful that you got 300$ because that would alot for them.
Posted by: sara | May 29, 2008 at 12:37 PM
not fair miley! you deserve more =)
really you do
and I do think that you had the right to buy that 11,000 dollar bag with your OWN money! really you work so hard and are like 16 so you deserve at least...
like 1000 a week or something!
i mean i get 10 dollars but hey you have 1 billion so you should get to spend some of that
if you got 1000 a week it would only be 52000 a year which really isnt that bad in comparison to how much you have!
rock on miley! and shop till you drop
<3 Naz
Posted by: Naz | August 22, 2008 at 12:56 PM
I Think That Miley Gets Enough Money, More Than What Most People Get. Im From England And I Have A Job, But Not One As Good As Miley's. I Babysit For 8 Pounds A Week. And That Is Like What?? £32 A Month? And That Lasts Me. Because The Stuff That She Buys Is Silly Lke Expensive Clothes! Who Cares About Weather She is Wearing Gucci Or Whatever? It Does Not Matter.. I Think Her Allowance Should Be Put Down A Biit 300 Dollars Is Too Much For Our Age.
But Miley You Are So Cool... But Just Dont Let Fame And Money Get To Your Head..
Posted by: apriil | March 07, 2009 at 03:00 AM