Yet another confirmation of what many of us know: We are the generation that offers our grown children financial help. Pew Research Center's latest poll finds that one in 10 American adults receive money or financial assistance from their parents or other family members. The bulk of those receiving help are emerging adults--men and women in the 18 to 24 year old range. It falls off from there but doesn't stop--some of us are still getting help from our parents.
I'll let this Pew Research Center chart, courtesy of the New York Times, say it all:
Based on telephone interviews conducted Dec. 6 to 19, 2011, with a nationally representative sample of 2,048 adults ages 18 and older.
