michaels kids get a whopping $60,000.

Apparently there ain't no recession in Neverland.

Michael Jackson's kids—Prince, 13, Paris, 12, and Prince Michael II (aka Blanket), 8—just had their monthly allowances bumped to a whopping $60,000.

According to court docs, Michael's mother, Katherine, who's the children's guardian, requested an increase because the previous stipend just wasn't enough given their needs.

Los Angeles Probate Judge Mitchell Beckloff agreed and approved the increase.

No word what all that (play) dough is being spent on—unless the Jackson 3 are booking studio time to work on their debut album.

With that family, it's not entirely off the wall