The amount of cash you put inside red packets will depend on the age of the recipient and your family relationship

Taiwan News
Date: 2017/01/26
By: Keoni Everington, Taiwan News, Staff Writer

Taipei (Taiwan News) – Giving red envelopes (紅包) during the Lunar New Year is a science, one has to tread cautiously not to be considered rude in giving too little or too brash in giving too much, fortunately the website the Daily View has compiled responses of users of the Taiwanese online forum PTT to create a “Lunar New Year Red Envelope Chart” listing the current “market prices” of red envelopes for each family member.

Red-colored envelopes with money inserted inside are given as gifts for special occasions in Taiwan, as well as mainland China, overseas Chinese communities, and many other East Asian nations. The color red symbolizes good luck and is believed to ward off evil spirits, such as the Nian (年獸), a beast that appears on or around the Lunar New Year.    [FULL  STORY