All The Rage

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Miley Cyrus gets a crummy allowance for a billionaire teen

April 24, 2008 |  5:24 pm

Veruca_salt1Today, 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.

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