US parents: are you still supporting your adult children financially?
We’re interested to hear from parents in the US who give financial support to their adult children and from US adults who receive financial assistance from their parents
Nearly half of US parents provide some kind of financial support to their adult children, who are grappling with higher food and living costs than they did, a new study has found.
The study – conducted by Savings.com – says young, working-class Americans were not substantially benefiting from the recovery of the country’s economy, as “evidenced by high employment, falling inflation, and economic growth”. That has forced many of them to continue to rely on their parents to help cover living expenses.
We’d like to hear from US parents who support or have been supporting their adult children financially, as well as from US adults who receive money from their parents.
We’re interested to hear how this dynamic affects people’s families, lifestyles and plans for the future.
Source: theguardian.com