Sunday, May 15, 2022

Parents Still Supporting Adult Children

From CNBC:

Throughout the pandemic, many adults turned to a likely safety net: their parents.

From buying food to paying for their cell phone plan or covering health and auto insurance, half of parents with a child over 18 provide them with at least some financial support, according to a report by Savings.com.

These parents are shelling out roughly $1,000 a month, on average, on such expenses, the report found.

Read more here.

https://lawprofessors.typepad.com/family_law/2022/05/parents-still-supporting-adult-children.html

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Comments

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