‘The economy is different now’: Parents pay grown-up kids’ bills with retirement savings
Young adults face myriad economic challenges. College costs and student debt loads are rising, and house prices have soared.
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What’s the right way to ask your parents for money?
A child who approaches a parent for money starts a conversation that, in all likelihood, neither party wants to have.
Yet, surveys and studies tell us that many, if not most, adult children get financial help from their parents. A new Pew Research Center report finds that three-fifths of parents offered their grown-up kids financial help in the past year.
Asking your parents for money can become a defining moment in the parent-child relationship, for better or worse.