I’m One of Those Who Supports My Adult Children
<p>Stories about <a href="https://www.savings.com/insights/financial-support-for-adult-children-study" rel="noopener ugc nofollow" target="_blank">this study</a> from Savings.com about how nearly fifty percent of us with adult children help support them financially certainly apply to yours truly.</p>
<p>Perhaps better suited to a publication called The <em>Unmaking</em> of a Millionaire, I, too, contribute somewhere in the neighborhood of the $1,400 and change per month that the study and subsequent articles cite.</p>
<p>On average, parents who support an adult child provide an average of $1,442 per month. Most frequently, parents are helping their kids with necessities like food and housing. More than three in four parents who support an adult child helped with groceries, while 63 percent covered their kid’s cell phone bill, and 56 percent gave money to cover their rent or mortgage.</p>
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