Do you think 7/8 years old is too young for a parent to ask their child to do chores around the house and give them pocket money for it?

I know I asked a question like this similar before but last time I said 10 years old.

In this question I kind of lowered the age bracket a bit.

In some countries parents are allowed to open up bank accounts for their children at a very young age like even when they are under 10 years old and put money in it so they can access it when they are older. Like the child only gets to access it once they reach 18 years.

Do you think 7/8 years old is too young for a parent to ask their child to do chores around the house and give them pocket money for it?
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