Do we give till it hurts? Between my friends, their friends, friends of theirs and people who’ve clicked onto this blog, there’s a recurrent theme: How much, how often, for what and until when do we help our kids out financially.
It’s all very personal, of course. But here’s a little statistical oversight from a recent survey of some 400 parents of adult children:
90 % of us continue to support our children after they turn 18.
83 % of us support our children through higher education.
11 % of us help them to buy their first home.
It’s a change from our generation. When we were young adults, the survey found, only 39 % of us who went on to college or beyond got help from their parents.
Why the change? Our kids need more help, survey researchers say. They’re faced with high overall living costs, high levels of student debt and low starting salaries. Besides, we’re better able to finance that support than were parents in the 1970s and 1980s. Well, that’s what they say.
PenPenWrites 
Leave a comment