Parents give their children an allowance to teach them the value of work and money management. The average allowance for a teenager in America varies by age and economic status. But what if you were the children of a wealthy celebrity like, say…Michael Jackson? Prince (17), Paris (16) and Blanket (12) could be poster children for a kid being born with a silver spoon in their mouth. After all, they are growing up in an environment that may not be teaching them the value of earning a dollar. My question is, what happens when/if this money runs out? Click here to see what they spend 8 million dollars a year on.